ourses / [Olds 09/2023] ACT 1011-1C1 - 40440 (FA23) / CHAPTER 1 - Financial Statements: Personal Accounting Your business purchased a car for $30,000 five years ago. The current market price of the car is now $10,000. How would you need to record the car value on the business financial records based on accounting/business rules? Select one: a. $20,000 b. $10,000 c. $30,000 d. Should not be recorded at all