For property that is held for internal use or transferred to another Federal agency, it is the fair value of the property less a valuation allowance for any liens or third party claims.
You can deduct liens and third party claims from the fair value of the property in order to determine a certain figure pertaining to the property held for internal use.
When a property is held for internal use, it has no fair value and is not subject to liens.
The children were working hard in class.
A man paints street art on a wall.
The driver is trying to clear people from the road
A few people are standing in an open field.
Children are at the beach.
The little dog hates travelling and stays away during trips.