The fair market value of a plant asset is always the same as its book value.

Name: The fair market value of a plant asset is always the same as its book value.
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Question

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The fair market value of a plant asset may differ from its book value depending on factors such as market conditions, depreciation, and upgrades or improvements made to the asset. The book value is the original cost of the asset minus accumulated depreciation.

The Fair Market Value of a Plant Asset Is Always