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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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