What sources help determine the value of stolen property?

What sources help determine the value of stolen property?

• A. Pawn shops
• B. Insurance estimates
• C. Records and appraisals
• D. Market price

Answer: (C)

When valuing stolen property, use records and appraisals because they provide verifiable and expert-derived figures. Records such as purchase receipts, serial numbers, and prior valuations establish the original cost and ownership, helping set a baseline. A professional appraisal then offers an expert determination of current replacement or market value based on item condition, age, and typical prices. Other sources can be unreliable or inappropriate for formal valuation: pawn shop figures can be inconsistent and unverified; insurance estimates reflect replacement costs for coverage rather than actual market value; market price alone may fluctuate and miss important details like condition or ownership documentation. Together, records and appraisals give a solid, defendable value for investigations and restitution.

When valuing stolen property, use records and appraisals because they provide verifiable and expert-derived figures. Records such as purchase receipts, serial numbers, and prior valuations establish the original cost and ownership, helping set a baseline. A professional appraisal then offers an expert determination of current replacement or market value based on item condition, age, and typical prices. Other sources can be unreliable or inappropriate for formal valuation: pawn shop figures can be inconsistent and unverified; insurance estimates reflect replacement costs for coverage rather than actual market value; market price alone may fluctuate and miss important details like condition or ownership documentation. Together, records and appraisals give a solid, defendable value for investigations and restitution.