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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 true market
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-is is shown on the firms' income statement.
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