The principle that indicates that an asset should be reported at the price which would be received to sell the asset is the

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The fair value principle indicates that an asset should be reported at its current market value, which is the price that would be received to sell the asset. This principle provides users of financial statements with more relevant and reliable information about the value of an entity's assets. The historical cost principle, on the other hand, indicates that assets should be reported at their original cost, which may not reflect their current value. The full disclosure principle requires that all material information be disclosed in the financial statements, while the consistency principle requires that accounting methods be consistent from one period to the next.

The Principle That Indicates That an Asset Should Be Reported