Under the Fair Value Model, Investment Property Is Measured at Fair

Multiple Choice

Under the fair value model, investment property is measured at fair value, which is

A) the price that would be received to sell the investment property in an orderly transaction between market participants at the measurement date.
B) the present value of the discounted cash flows.
C) the price that is similar to other assets that are traded in real estate market.
D) the price determined by an independent appraisal.