Which of the following methods of valuing an asset is based on the amount that would be paid for it in markets where the asset would ordinarily be acquired?
A)Replacement cost
B)Entry value
C)Exit value
D)Both a and b

Question

Quizplus · Accepted Answer

Replacement cost and entry value both consider the amount that would be paid for an asset in markets where the asset would ordinarily be acquired. Replacement cost focuses on the cost to replace an asset with a similar one, while entry value looks at the price to acquire an equivalent asset.

Which of the Following Methods of Valuing an Asset Is