[amp_mcq option1=”Market value” option2=”Permanence” option3=”Book value” option4=”None of the above” correct=”option3″]<\/p>\n
The correct answer is C. Book value<\/strong>.<\/p>\n Assets in the Balance Sheet of a company are arranged in the order of their book value<\/strong>, which is the value of the asset as recorded in the company’s accounting records. This is usually the original cost of the asset, less any depreciation or amortization that has been recorded.<\/p>\n Market value is the price that an asset would be sold for in the open market. Permanence is the length of time that an asset is expected to be used by the company.<\/p>\n Neither market value nor permanence are relevant to the order in which assets are listed on a Balance Sheet.<\/p>\n","protected":false},"excerpt":{"rendered":" [amp_mcq option1=”Market value” option2=”Permanence” option3=”Book value” option4=”None of the above” correct=”option3″]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[85],"tags":[],"class_list":["post-57584","post","type-post","status-publish","format-standard","hentry","category-accounting","no-featured-image-padding"],"yoast_head":"\n