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Which of the following statements is accurate? Book value is: Which of the following statements is accurate? Book value is: always more than market value.

Which of the following statements is accurate? Book value is:
Which of the following statements is accurate? Book value is:
always more than market value.
adjusted whenever the market value of an asset changes.
based on historical cost.
equivalent to market value for firms with fixed assets.
more of a financial than an accounting valuation.

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