When a Company Decides to Discontinue an Operation,it Values the Assets

question 40

Multiple Choice

When a company decides to discontinue an operation,it values the assets and liabilities of that operation at ________.

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