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Memo. 1974-285; Estate of Davis v. Commissioner, 110 T.C. 530,
538 (1998). Where experts offer divergent estimates of fair
market value, we decide what weight to give these estimates by
examining the factors they used in arriving at their conclusions.
See Casey v. Commissioner, 38 T.C. 357, 381 (1962).
We have broad discretion in selecting valuation methods, see
Estate of O'Connell v. Commissioner, 640 F.2d 249, 251 (9th Cir.
1981), affg. on this issue and revg. in part T.C. Memo. 1978-191,
and the weight to be given the facts in reaching our conclusion
because "finding market value is, after all, something for
judgment, experience, and reason", Colonial Fabrics, Inc. v.
Commissioner, 202 F.2d 105, 107 (2d Cir. 1953), affg. a
Memorandum Opinion of this Court. Moreover, while we may accept
the opinion of an expert in its entirety, see Buffalo Tool & Die
Manufacturing Co. v. Commissioner, 74 T.C. 441, 452 (1980), we
may be selective in the use of any part of such opinion, or
reject the opinion in its entirety, see Parker v. Commissioner,
supra at 561. Because valuation necessarily results in an
approximation, the figure at which this Court arrives need not be
one as to which there is specific testimony if it is within the
range of values that may properly be arrived at from
consideration of all the evidence. See Estate of O'Connell v.
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