Objective basis to determine a fair value, Accounting Basics

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Objective basis to determine a fair value

The assets were so specialized that there was not an objective basis to determine a fair value. In cases like this, the FASB suggest that company record the asset at:

a) estimated fair value

b) book value

c) book value of asset plus cash paid

d) intrinsic value

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Accounting Basics: Objective basis to determine a fair value

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Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: Objective basis to determine a fair value

Reference No:- TGS081088

Have a Question? (oR Write a Review)

Recent Questions Asked Accounting Basics

Q : Score range letter grade

Q : Create value for customers through efficiency-effectivenes

Q : What is the total cost of the departmental work in process

Q : Connectspree''s network, you begin drawing a map

Q : Objective basis to determine a fair value

Q : Calculate utilization rates for each configuration

Q : Balanced scorecard approach differ from traditional approach

Q : Solve for the optimal values of the decision variables

Q : What is the cash balance at the end of the period

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Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: Objective basis to determine a fair value

Reference No:- TGS081088

Recent Questions Asked Accounting Basics

Q : Score range letter grade

Q : Create value for customers through efficiency-effectivenes

Q : What is the total cost of the departmental work in process

Q : Connectspree''s network, you begin drawing a map

Q : Objective basis to determine a fair value

Q : Calculate utilization rates for each configuration

Q : Balanced scorecard approach differ from traditional approach

Q : Solve for the optimal values of the decision variables

Q : What is the cash balance at the end of the period

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