Fair Market Accounting
Discussion Question: Fair Market Accounting
- Create an argument for the use of Fair Market Accounting as opposed to historical cost. Provide support for your argument.
- Evaluate the effectiveness of the accounting principle guidelines for determining the market value of an asset, indicating improvements to these guidelines. Provide support for your recommendations.
This is a discussion question. Not a paper. Unless it’s necessary, it doesn’t need to be longer than a page.
…………………..Answer preview…………………………
Fair market accounting uses current prices and data in its calculations. It proves to be the best method as it can take into consideration the current market value of an asset rather than taking its historical prices. The present value of an asset is necessary for a way that it can give the exact value of the property as it is sold in the market at that particular period…………………..
APA
326 words
