In order to determine the value of an asset, the owner-manager must do which of the following?

Question

Quizplus · Accepted Answer

In order to determine the value of an asset, the owner-manager must first identify the resource and establish the degree of ownership in the resource. However, to truly determine its worth, they must also provide a monetary measurement value of that resource's value. This means all three options - identifying the resource, establishing ownership, and providing a monetary valuation - are necessary to determine the value of the asset. Therefore, the correct answer is D - All of the above.

In Order to Determine the Value of an Asset, the Owner-Manager