Dyckman Dealers Has an Investment in Thomas Corporation Bonds Which

Dyckman Dealers has an investment in Thomas Corporation bonds which Dyckman accounts for as a trading security. Thomas Corporation's bonds are publicly traded and the prevailing market price indicates that Dyckman's investment is worth $20,000. However, Dyckman management believes that the bond market is generally overvalued, and their analysis of the Thomas investment suggests to them that it is worth $18,000. Dyckman should carry the Thomas investment on its balance sheet at:

A) $20,000.
B) $18,000.
C) Either $18,000 or $20,000, as either are defensible valuations.
D) $19,000, the midpoint of Dyckman's range of reasonably likely valuations of Thomas.