Evaluate the statement of Edwards (1975, p. 238) that ‘I am not convinced of the merit of adopting, as a normal basis for asset valuation in the going concern, exit prices in buyer markets. These are unusual values suitable for unusual situations. I would not object in principle to keeping track of such exit prices at all times and, as Solomons (1966) has suggested, substituting them for entry values when they are the lesser of the two and the firm has taken a definite decision not to replace the asset or even the function it performs’.