According to ASC Topic 820, the fair value of an asset should be based upon A. The price that the item is appraised at balance sheet date. B. The price that would be paid to replace the asset. C. The price that would be received to sell the asset. D. The price that would be pa...
When considering the fair value, it can be based on the current market’s rice’s quoted price (quoted price for similar asset in an active market) with some necessary adjustments made. 🔷 Level 3 inputs are unobservable inputs for an asset or liability, based upon the best estimation av...
Fair value is a measure of a product or asset's current market value and a reflection of the price at which an asset is bought or sold when a buyer and a seller freely agree. Many factors go into determining the fair value of an asset, including a comparison of recent transactions for ...
D. The price that would be paid to acquire the asset.正确答案:C 分享到: 答案解析: C is corrent. ASC Topic 820 requires that the fair value of an asset be based upon the price that would be received to sell the asset, which is an exit price.A is incorrect. ASC Topic 820 requires...
John has run across a situation with his business in which he has a discrepancy between what he feels an asset is worth and with what a company has the asset valued on the books. The manager of the company does not want to sell an unused asset because he does not want the loss on ...
The difference between the purchase price and the fair market value of an asset is known as: 答案 C 解析 null 本题来源 题目:The difference between the purchase price and the fair market value of an asset is known as: 来源: 财务英语试题及答案 收藏...
the fair value is based on the perspective of a market participant who holds the identical instrument as an asset. If there is no corresponding asset, then a valuation technique is used. This would be the case with the decommissioning activity. The fair value of a liability reflects any com...
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book value是资产净值，资产净值是由资产原始价值减去各自的备抵账户余额计算所得。同时，各资产净值共同...
Book value (also known as carrying value ornet asset value) is the value of an asset that is recognized on the balance sheet. It is determined as the cost paid for acquiring an asset minus any depreciation, amortization, or impairment costs applicable to the asset. The concept of book valu...