Damage Assessment Focuses on Measuring the Disaster Impacts on Only

question 3

True/False

Damage assessment focuses on measuring the disaster impacts on only private property.

---

Definitions:

Historical Cost

The original monetary value of an asset or investment at the time of its acquisition or payment, not adjusted for inflation or market changes.

Market Value

The existing market price for buying or selling an asset or service.

Net Realizable Value

The value of an asset that can be realized upon its sale minus a reasonable estimate of the costs associated with either its sale or disposal.

Equity Securities

Financial instruments that represent ownership in a corporation, such as stocks, granting holders a proportion of the corporation's assets and profits.