Solved

At Acquisition Date,the Cost Price and Fair Value of an Asset

Question 5

Multiple Choice

At acquisition date,the cost price and fair value of an asset will be fairly equivalent.However,over the life of the asset,the:


A) fair value will always be greater than the cost price.
B) cost price will always be greater than the fair value.
C) fair value and cost price will most likely diverge.
D) fair value and cost price will remain fairly equivalent.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions