Match the Descriptions Listed in Letters a Through E Below

Essay

Match the descriptions listed in letters a through e below with the proper valuation numbered from 1 through 4.
Descriptions
a. Amount paid is reduced by the measured amount used up
b. Amount that would have to be paid to acquire the same asset at the balance sheet date
c. Discounted cash flows
d. Amount derived from net equity of company
e. Amount received if the asset were sold
____ 1. Present value
____ 2. Fair market value
____ 3. Replacement cost
____ 4. Residual interest