Rachel owned four assets when she died in 2011.
$$\begin{array} { l c c }
\text { Asset } & \text { Date of Death Value } & \text { Alternate Date Valuation } \
\text { A } & \$ 1,160,000 & \$ 1,180,000 \
\text { B } & 2,200,000 & 2,390,000 \
\text { C } & 3,250,000 & 3,310,000 \
\text { D } & 825,000 & 700,000
\end{array}$$
Which value should the personal representative use for valuing the gross estate? Explain.

Question

Rachel owned four assets when she died in 2011.
 $$\begin{array} { l c c } 
\text { Asset } & \text { Date of Death Value } & \text { Alternate Date Valuation } \
\text { A } & \$ 1,160,000 & \$ 1,180,000 \
\text { B } & 2,200,000 & 2,390,000 \
\text { C } & 3,250,000 & 3,310,000 \
\text { D } & 825,000 & 700,000
\end{array}$$ 
Which value should the personal representative use for valuing the gross estate? Explain.

Quizplus · Accepted Answer

The Answer of Rachel owned four assets when she died in 2011.
 $$\begin{array} { l c c } 
\text { Asset } & \text { Date of Death Value } & \text { Alternate Date Valuation } \
\text { A } & \$ 1,160,000 & \$ 1,180,000 \
\text { B } & 2,200,000 & 2,390,000 \
\text { C } & 3,250,000 & 3,310,000 \
\text { D } & 825,000 & 700,000
\end{array}$$ 
Which value should the personal representative use for valuing the gross estate? Explain.

Rachel Owned Four Assets When She Died in 2011 Which Value Should the Personal Representative Use for Valuing the