Asset Value Increase definition

Asset Value Increase means the change in FMV of an Asset, calculated as the FMV of an Asset as of December 31 of a particular year (or the date of disposition of such Asset if sold during a calendar year), less the FMV of the same Asset as of December 31 of the prior year (or the date of acquisition if acquired during a calendar year), expressed as a percentage as to the prior year’s FMV.
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