An appraisal is a professionally developed, reasoned conclusion of value. This value is based upon research at the appropriate market level and substantiated by market examples. The professional appraisal is prepared for a specific purpose with independence, impartiality, and objectivity. An appraisal report is a signed document suitable for submission to insurance companies, the courts and the Internal Revenue Service. As required by the Code of Ethics of the American Society of Appraisers (ASA) and the Uniform Standards of Professional Appraisal Practice (USPAP), the appraiser must report the facts acting as a disinterested third party, rather than as an advocate. Appraisal procedures, research methodology, market selection and the resulting value conclusions differ with various purposes and functions of appraisal assignments. A report prepared for one purpose very likely would be inappropriate for another; for instance, an insurance coverage appraisal would not be acceptable for use in estate tax or charitable contribution matters.