When valuing non-financial assets which use for the asset should be considered

Question

Quizplus · Accepted Answer

The asset's highest and best use should be considered when valuing non-financial assets, as it reflects the potential value and earnings that could be generated from the asset if it were used in the most profitable way possible. Current or expected use may not accurately reflect the true value of the asset if it could potentially be put to better use in the future.

When Valuing Non-Financial Assets Which Use for the Asset Should