Which of the following statements regarding the use of fair value (instead of the use of amortized or depreciated cost) for long-lived assets is correct? O The use of fair value always provides more reliable information. O The use of fair value tends to provide more relevant information. O The use of fair value is often justified by cost-benefit considerations. O None of these statements are correct.

Which of the following statements regarding the use of fair value (instead of the use of amortized or depreciated cost) for long-lived assets is correct? The use of fair value always provides more reliable information. The use of fair value tends to provide more relevant information. The use of fair value is often justified by cost-benefit considerations. None of these statements are correct