Which type of cost may be adjusted when determining fair value?
A) Transaction costs
B) Transport costs
C) Both A and B
D) Neither A nor B

Name: Which type of cost may be adjusted when determining fair value? A) Transaction costs B) Transport costs C) Both A and B D) Neither A nor B
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Question

Quizplus · Accepted Answer

Transport costs may be adjusted when determining fair value as they are directly related to bringing an asset to its location and condition for use. Transaction costs are not included in fair value measurements.

Which Type of Cost May Be Adjusted When Determining Fair