The general asset valuation methodology used for assessing eligibility for government benefits and allowances under the assets test is:

Question

Quizplus · Accepted Answer

The general asset valuation methodology used for assessing eligibility for government benefits and allowances under the assets test is either net market value or fair market value less debts owing on the asset. Therefore, both option A (net market value) and option C (fair market value less debts owing on the asset) are correct choices.

The General Asset Valuation Methodology Used for Assessing Eligibility for Government