Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3.  why isn’t the value of an asset adjusted as th

 Why isn’t the value of an asset adjusted as themarket value of that asset...

80.2K

Verified Solution

Question

Accounting

 Why isn’t the value of an asset adjusted as themarket value of that asset changes?

Answer & Explanation Solved by verified expert
4.0 Ratings (620 Votes)
Valuation of an asset as per books of account is primarily defined by GAAP which states the measurement basis for different types of asset Some types of assets typcall financial instruments are fair    See Answer
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Transcribed Image Text

In: Accounting Why isn’t the value of an asset adjusted as themarket value of that asset changes? Why isn’t the value of an asset adjusted as themarket value of that asset changes?

Other questions asked by students

Q

How would you make E.coli bacteria cells produce human insulin for you? More than one answer...

Biology
Q

A force F x y j N where x and y coordinates ar in metres...

Physics
Q

A plank with a box on it at one end is gradually raised about the...

Physics
Q

Travis purchased a car for 25 000 He knows that the car loses 6 of...

Algebra
Q

Roger has found a home to be purchase for 112 057 and has agreed to...

Algebra
Q

Suppose that real GDP is currently $20.7 trillion and potential real...

Accounting
Q

Kunkel Company makes two products and uses a conventional costing system in which a single...

Accounting
Q

A company has earnings per share net income of $905,000; its weighted-average common shares outstanding...

Accounting
Q

The Business Structure Dilemma ACC 317 (Advanced Federal Taxation) You are a tax consultant and...

Accounting
Q

If the initial speculative margin of a futures contract is $2,000, the maintenance margin is...

Finance
Q

Suppose you purchase a 13-year U.S. savings bond with an APR of 3.0%. The face...

Accounting
Q

yes Homework: Chapter 03 Homework Score: 0 33 of 2 pts 1or52 E3-15A (similar to)...

Accounting