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The carrying value or book value of assets: A. is always higher than the replacement cost of the assets. B. is shown on the firm's

The carrying value or book value of assets:

A. is always higher than the replacement cost of the assets.

B. is shown on the firm's income statement.

C. is determined under GAAP and is based on the cost of the asset.

D. represents the true market value according to GAAP.

E. is always the best measure of the company's value to an investor.

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