If you receive a gift whose market price is $20, but you consider it to be worth only $10, then
A)there is a $10, or 50 percent, value gain.
B)there may or may not be a value loss.
C)there is a $10, or 50 percent, value loss.
D)you can be relatively certain the giver was a sibling or other close relative.

Question

Quizplus · Accepted Answer

The perceived value of the gift to you is $10 less than its market price, indicating a value loss of $10 or 50 percent from its market price to your valuation.

If You Receive a Gift Whose Market Price Is $20