To measure the fair value of an asset, an entity should determine
A)The asset's nature, condition and location
B)The asset's valuation premise
C)The availability of data
D)All of the above

Question

Quizplus · Accepted Answer

All of the above are factors that an entity should consider when measuring the fair value of an asset, as they all contribute to determining the most accurate and relevant valuation.

To Measure the Fair Value of an Asset, an Entity