Which of the following is not a reason to interpret book value with caution?
A)Land may be worth more than it cost
B)Depreciable assets may be held
C)Investments may be worth more than their purchase price
D)Patents may have a high market value
E)All of the answers are correct.

Question

Quizplus · Accepted Answer

All the options listed (A, B, C, D) are reasons to interpret book value with caution, as they all describe situations where the book value may not accurately reflect the current market value of assets.

Which of the Following Is Not a Reason to Interpret