Answered

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In most situations, asset values do not equal the amount of money that could be realized if the assets were sold.

a. True
b. False

Sagot :

Ogorwyneidn

Answer:

True

Explanation:

The answer to this question is true. The recording of assets is usually done at cost. This is equivalent to the value that was exchanged when the asset was sold. In a country like the United States for example, if an asset such as a land or machine gets to appreciate in value after a period of time, it is not usually revalued. Therefore the answer to this question is true.

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