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:

Verified
Correct Answer:
Verified
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