The costs associated with revaluing assets include:
A) additional audit fees.
B) fees charged by the valuer.
C) opportunity costs associated with the directors' time to review the valuations.
D) all of the given answers.

Question

Quizplus · Accepted Answer

All of the given answers are costs associated with revaluing assets. Additional audit fees may be needed to ensure the accuracy of the valuations, fees are charged by the independent valuer who is hired to value the assets, and there may be opportunity costs associated with the directors' time spent reviewing the valuations.

The Costs Associated with Revaluing Assets Include