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  3. the book value of a firms assets a is always highe

The book value of a firms assets a is always higher than the replacement cost...

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Finance

The book value of a firms assets

a is always higher than the replacement cost of the asset

b represent the true market value of those assets according to GAAP

c is determined under generally accepted accounting principles GAAP and is based on the cost. Of those assets

d is always the best measure of the companys value to an investor

E is reported on the firms income statem

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