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Why Are Market Values Not Used for Property, Plant, and Equipment

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Why are market values not used for property, plant, and equipment on the balance sheet?


Definitions:

Photovoltaic Cells

Devices that convert light energy directly into electrical energy through the photovoltaic effect, commonly used in solar panels.

Natural Gas Furnace

A heating system that burns natural gas to produce heat for space heating in residential or commercial buildings.

Passive Solar System

A design approach that utilizes the sun's energy for the heating and cooling of living spaces by exposure to the sun.

Earth Tubes

Underground pipes used to tap into the thermal stability of the earth for heating, cooling, and ventilating buildings, utilizing passive geothermal energy.

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