The ( ) of buildings and inventories cannot be reliably measured except at the time they were acquired.
A: cost
B: fair value
C: market value
D: B and C are right
A: cost
B: fair value
C: market value
D: B and C are right
举一反三
- The value of a business owner's time is an example of_________. A: a fixed cost B: an opportunity cost C: total revenue D: an explicit cost
- When a rent ceiling is imposed in a housing market, the opportunity cost of housing equals the A: rent. B: market equilibrium rent that would prevail in the absence of a rent ceiling. C: value of the time and resources spent searching plus the rent. D: consumer surplus.
- Book value is defined as: A: a. disposal value B: b. disposal value less accumulated depreciation C: c. cost less accumulated depreciation D: d. disposal value less original cost
- Under current cost accounting, goods sold are charged to profit or loss at: A: Historical cost B: Replacement cost C: Net realisable value D: Economic value
- Value-based pricing uses the buyers’( )as the key to pricing. A: Perceptions of value B: Need of value C: Demand of value D: Seller’s cost