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    Business
  3. Study Set
    Issues in Financial Accounting
  4. Exam
    Exam 4: A Conceptual Framework: Recognition and Measurement of the Elements of Financial Statements
  5. Question
    Assume That Assets Have Been Offered for Sale and That
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Assume That Assets Have Been Offered for Sale and That

Question 9

Question 9

Multiple Choice

Assume that assets have been offered for sale and that PV = present value,MV = net market value and RC = current replacement cost.If RC > MV > PV,the deprival value of the asset is:


A) net market value
B) present value
C) current replacement cost
D) cannot be determined

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