The market value:
A)of accounts receivable is generally higher than the book value of those receivables.
B)of an asset tends to provide a better guide to the actual worth of that asset than does the book value.
C)of fixed assets will always exceed the book value of those assets.
D)of an asset is reflected in the balance sheet.
E)of an asset is lowered each year by the amount of depreciation expensed for that asset.

Question

Quizplus · Accepted Answer

The market value of an asset reflects its current worth in the market, which can be more indicative of its true value than the historical cost recorded as book value.

The Market Value