Designated market value
A)is always the middle value of replacement cost, net realizable value, and net realizable value less a normal profit margin.
B)should always be equal to net realizable value.
C)may sometimes exceed net realizable value.
D)should always be equal to net realizable value less a normal profit margin.

Question

Quizplus · Accepted Answer

The designated market value is the middle value of replacement cost, net realizable value, and net realizable value less a normal profit margin.

Designated Market Value