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When godfrey died in 2016 his assets were valued as follows

Question -

When Godfrey died in 2016, his assets were valued as follows:

Asset. Date of death valuation Valuation six months later

Stocks. $2,220,000 $2,180,000

Bonds. 4,600,000. 4,620,000

Home 800,000 780,000

Total $7,620,000 $7,580,000

The executor sold the stock two months after the decedent's death for $2,200,000. The bonds were sold seven months after the decedent's death for $4,630,000.

What valuation should be used for the gross estate?

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Accounting Basics: When godfrey died in 2016 his assets were valued as follows

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Accounting Basics: When godfrey died in 2016 his assets were valued as follows

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