The estimated current net market value of an asset in the ordinary course of business is known as:
A) opportunity cost
B) replacement cost
C) current cash equivalent
D) discounted value of future cash flows

Question

Quizplus · Accepted Answer

The estimated current net market value of an asset in the ordinary course of business is best described as its current cash equivalent. This term refers to the amount of cash (or its equivalent) that could currently be obtained by selling the asset in a normal transaction between market participants.

The Estimated Current Net Market Value of an Asset in the Ordinary