The most reliable estimate of the fair value of an intangible asset is:
A)expert valuations of market values
B)quoted market prices in an active market
C)quoted market prices in an inactive market
D)present values of future net cash flows

Question

Quizplus · Accepted Answer

Quoted market prices in an active market are considered the most reliable estimate of the fair value of an intangible asset because they reflect current transactions in an open market where buyers and sellers have access to all relevant information.

The Most Reliable Estimate of the Fair Value of an Intangible