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The carrying value or book value of assets: A- is determined under GAAP and is based on the cost of the asset. B- represents the

The carrying value or book value of assets:

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

B-
represents the true market value according to GAAP.

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

D-
is always higher than the replacement cost of the assets.

E-
None of these.

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A-		is determined under GAAP and is based on the cost of the asset.
B-		represents the true market value according to GAAP.
C-		is always the best measure of the company's value to an investor.
D-		is always higher than the replacement cost of the assets.
E-		None of these.