An Issue with Mark-To-Market Accounting When There Is a Highly

An issue with mark-to-market accounting when there is a highly depressed market is that

A) depressed values could be only temporary, portfolios are likely to re-gain value, and thus current unrealized losses are overstated.
B) depressed values could be not only temporary, portfolios are likely to re-gain value, and thus current losses are overstated.
C) depressed values could be only temporary, portfolios are not likely to re-gain value, and thus current losses are understated.
D) depressed values could be only temporary, portfolios are not likely to re-gain value, and thus current non-realized gains are overstated.
E) depressed values could be only temporary, portfolios are likely to re-gain value, and thus current non-realized losses are understated.