The following statements were selected from an article titled "The Case for Fair Value Accounting: A leading critic of current practices says they get the right answers mainly by accident" by Edmund L.Andrews on May 16, 2019.

"At the moment, fair value accounting is used mainly for easily traded financial instruments, such as the stock or bonds that a company might hold. The idea is that it's more accurate to value those securities at the current market prices - "marking to market," in accounting lingo. If the value of a company's securities has plunged by 50%, why not acknowledge that?"

"They also suggest that fair value accounting can be a good idea even when it comes tonon-financialassets that aren't actively traded and don't have immediate potential buyers."

From your understanding, comment on the both statements above in relation to fair value measurement?