1- Valuators estimate the future value of the total amount of cash an asset can generate for an owner or multiple owners over its life. (True or Fales)

2- Fair value is generally a measure of valuation for tax purposes. (True or Fales)

3- Income approach method for valuation purposes is generally based on capitalized cash flow. (True or Fales)

4- Generally, delivery and installation charges are taxable to MI sales and use taxes beginning in late April 2023. (True or Fales)

5- A taxpayer does not need to recognize a gain or loss if he/she sells or exchanges property other than US dollars for virtual currency. (True or Fales)

6- When a taxpayer receives virtual currency as a bona fide gift, he/she should recognize it as income for federal income tax purposes. (True or Fales)