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Assets usually are valued in accounting records at cost, because the cost of an asset generally: Choose one below - may be determined more objectively

Assets usually are valued in accounting records at cost, because the cost of an asset generally:

Choose one below -

may be determined more objectively than its market value

is more relevant than its market value

is lower than its market value

represents the price at which the asset may be sold if the business were to liquidate

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