The Carrying Value or Book Value of Assets

question 9

Multiple Choice

The carrying value or book value of assets:

• A)is always the best measure of a company's value to an investor.
• B)represents an average market value over time.
• C)is always higher than the replacement cost of the assets.
• D)is determined under GAAP and is based on the cost of the assets.
• E)is determined under GAPP and is based on the current market value of the assets.

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Definitions:

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