With respect to financial assets and financial liabilities, what is the FASB$$s fair value option?

A company has the option to report, at each balance sheet date, any or all of its financial assets and liabilities at their fair values on the balance sheet date.

A company has the option to report, at each balance sheet date, any or all of its financial liabilities at their fair values on the balance sheet date. This option is not available for financial assets.

A company has the option to report, at each balance sheet date, any or all of its financial assets at their fair values on the balance sheet date. This option is not available for financial liabilities.

A company has the option to report, at each balance sheet date, any or all of its financial assets and liabilities at their fair values as part of accumulated depreciation.