Valuation bases on the balance sheet
Name the valuation base(s) that are used for each of the asset and liability accounts shown here. Some assets and liabilities can use more than one valuation base.
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Original Cost |
Fair Market |
Present |
Replacement |
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Cash |
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Short-term investments |
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Inventories |
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Prepaid expenses |
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Long-term investments |
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Notes receivable |
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Machinery |
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Equipment |
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Land |
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Intangible assets |
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Short-term payables |
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Long-term payables |