Values for Valuation

What is difference between following for quick idea in exam:

1 ) Fair Market Value

  1. Fair Value for Financial Reporting Purpose.

  2. Fair Value for Litigation

  3. Market Value

  4. Investment Value

  5. Intrinsic Value

Galli, thank you for quick reply. Will you please further elaborate Intrinsic value?

Let’s take Gold for example, how valuable is it for real world uses outside of Jewelery, dentristy and monetary uses? The answer is, very little. Which equates to having a low instristic value

Silver on the other hand has thousands of uses covering multiple industries. Thus, it has a high intristic value

Galli, thank you for discussion!

S2000magician, can you add something here as well?