Which of the following assets must be reported at the lower-of-cost-or-market value?

Name: Which of the following assets must be reported at the lower-of-cost-or-market value?
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Merchandise inventory must be reported at the lower-of-cost-or-market value, as it often fluctuates in value due to market conditions or obsolescence. Accounts receivable, prepaid insurance, and notes receivable are reported at their historical cost, minus any allowances or write-offs for bad debts or other impairments.

Which of the Following Assets Must Be Reported at the Lower-Of-Cost-Or-Market