All of the Following Are Difficulties Encountered in Determining Fair

question 52

Multiple Choice

All of the following are difficulties encountered in determining fair values except:

• A) the need to make assumptions about the effect of technological and other improvements when using the prices of new assets currently available on the market in the valuation process
• B) the need to identify comparable assets currently available in the market to value assets in place
• C) the absence of U.S.GAAP and IFRS standards related to reporting long-lived assets
• D) the absence of active markets for many used fixed assets, particularly those specific to a particular firm's needs