Question

The market value of an asset is _____. Check all that apply: -usually the same as...

The market value of an asset is _____. Check all that apply:

-usually the same as the book value

-usually greater than the book value

-usually lower than the book value

-the price at which the asset can be sold

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Answer #1

The market value of an asset is _____. Check all that apply:

Answer: The price at which the asset can be sold

Explanation: market value of the asset is the price at which the asset can be sold, that is the value what we get is we sell the asset now.

Book value and market value are different and there is no established relationship between these 2 values to say that the market value of an asset is,

Usually the same as the book value,

Usually greater than the book value,

Usually lower than the book value.

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