The intended use and intended users of an appraisal help dictate the valuations sought in a report. There can be different values for the same object, all dependent upon the purpose of the appraisal report:

 

• Insurance Appraisals for the scheduling of fine art and antiques for​ their 
     Replacement Value.
• Estate Appraisals for Fair Market Value for estate tax liability or estate
     planning property distribution.
• Donation Appraisals for charitable contributions for tax purposes which
      have to adhere to IRS guidelines and regulations.
• Damage and Loss Appraisals to determine valuations for lost or destroyed
      property for replacement or restoration.
• Property Division Appraisals for the impartial and equitable distribution
     of property in a divorce. 

 ​