Regardless of the inventory cost flow assumption used, inventories on the balance sheet are stated at:

	A.	original cost.
	B.	the higher of cost or market.
	C.	the lower of cost or market.
	D.	realizable value.

The net book value of a depreciable asset is:

	A.	the fair value of the asset.
	B.	the difference between the asset's cost and accumulated depreciation.
	C.	the amount for which the asset should be insured.
	D.	the difference between the asset's cost and depreciation expense.