Tom owns an antique writing desk he paid $500 for 6 years ago that he is now considering selling. A local antique dealer gives Tom an estimated market valuation for the desk. In relation to the decision to sell the desk, the market value, in comparison to the original purchase value, is:

Question

Quizplus · Accepted Answer

The market value is relevant because it will directly impact Tom's decision to sell the desk. However, we do not have information on the reliability of the market valuation, so option B is not applicable, and option C cannot be determined. Option D is also not correct, as the market value is indeed relevant.

Tom Owns an Antique Writing Desk He Paid $500 for 6