Most advantageous market  LO3 Asset XYZ is sold in three different active markets. • In Market A, the price that would be received is $27; transaction costs are $2 and the transport costs are $3. • In Market B, the price that would be received is $26; transaction costs are $2 and the transport costs are $1. • In Market C, the price that would be received is $29; transaction costs are $4 and the transport costs are $1. Required 1. What is the most advantageous market for Asset XYZ and what is its fair value? 2. If the principal market for Asset XYZ were Market A, then what would be the fair value of Asset XYZ?