Question: a. What is the difference between fair market value and value in use? b. Identify conditions under which fair market value and value in use.

a. What is the difference between "fair market value" and "value in use?"

b. Identify conditions under which "fair market value" and "value in use." are different and briefly explain why. 

c. Identify conditions under which "fair market value" and "value in use." are equal to one other and briefly explain why.

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