Question

Why are cow called as standard of value ?

Answer 1

Given the many purposes for valuing a business interest and the various entity structures and standards of value involved, it can often be a daunting task for a business appraiser to develop a proper valuation conclusion. However, most business valuations, regardless of the type of entity, valuation purpose, or ownership characteristics, include one or more of three primary approaches. Surprisingly the logic and methodology behind these three valuation approaches can also be used to value many other forms of assets including, as we will see, even the farm cow…

First, business valuations generally fit into one of the following three general categories: