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SPECIAL ASSETS Appraisal Institute August 15, 2011, Douglas Potts, MAI, VP Commerce Bank St. Louis, References FAST ASC 820 Fair Value Measurements & Disclosures FAS 157 Fair Value Standards FAS 114
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Special assets refer to properties or investments with unique characteristics that require special attention and management due to their complexity or value.
The requirement to file special assets varies depending on the jurisdiction and the specific regulations in place. Generally, individuals or organizations who own or manage special assets are required to file.
Filling out special assets typically involves providing detailed information about the asset, including its description, value, location, ownership details, and any relevant documentation.
The purpose of special assets is to ensure proper monitoring, management, and reporting for assets that require special attention due to their unique characteristics, such as high value, complexity, or legal implications.
The specific information required to be reported on special assets may vary, but typically includes details such as asset description, value, ownership information, documentation, and any relevant transactions or changes.
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