_____ is not an acceptable means of asset valuation.
A)Gross book value at future cost
B)Gross book value at historical cost
C)Net book value at current cost
D)Net book value at historical cost

Question

Quizplus · Accepted Answer

Gross book value at future cost is not an acceptable means of asset valuation as it is not based on actual costs incurred and there is uncertainty involved in predicting future costs. The other options listed are acceptable means of asset valuation.

_____ Is Not an Acceptable Means of Asset Valuation