When a Company Decides to Discontinue an Operation, It Values

question 137

Multiple Choice

When a company decides to discontinue an operation, it values the assets and liabilities of that operation at ________ if this amount is lower than the carrying value.

• A) gross book value (historical cost)
• B) net book value (historical cost less accumulated depreciation)
• C) fair value
• D) fair value less selling costs

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