Each asset-inventory,plant,equipment,and so on-would be valued based on the selling price that would be realized if the firm chose to dispose of it is the definition of which of the following current value concepts?
A)Replacement cost
B)Entry price
C)Exit value
D)Discounted present value

Question

Quizplus · Accepted Answer

The definition provided describes the exit value concept, which is the estimated selling price of an asset if a company chooses to dispose of it. Replacement cost refers to the cost of replacing an asset with an equivalent one, entry price refers to the cost of acquiring an asset at the time of its initial purchase, and discounted present value refers to the current value of future cash flows discounted at an appropriate rate.

Each Asset-Inventory,plant,equipment,and So On-Would Be Valued Based on the Selling