100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Previously searched by you
Previously searched by you
logo
Summary When determining the fair value of an asset using an exit price approach,Answer & Expla $7.99
Add to cart
Quickly navigate to
Preview
  2.  
  3. Ashford University
  4.  
  5. ACC 205

Summary

Summary When determining the fair value of an asset using an exit price approach,Answer & Expla
 0 purchase

When determining the fair value of an asset using an exit price approachWhen determining the fair value of an asset using an exit price approach,Answer & ExplanationWhen determining the fair value of an asset using an exit price approach, you are essentially estimating the price that would be...

[Show more]

Preview 1 out of 3  pages

Document information

  • October 13, 2024
  • 3
  • 2024/2025
  • Summary

Subjects

  • when determining the fair value of an asset using
  • answer explanationwhen determining the fair valu
  • you are essentially estimating the price that wou
  • such as condition and location2determine market

Written for

All documents for this subject (71)

Seller

avatar-seller
newage

Reviews received

Content preview

When determining the fair value of an asset using an exit price approach,




Answer & Explanation


When determining the fair value of an asset using an exit price approach, you

are essentially estimating the price that would be received to sell an asset or

paid to transfer a liability in an orderly transaction between market participants

at the measurement date. This approach is consistent with the definition of fair

value under accounting standards like IFRS 13 and ASC 820.


Here's a step-by-step explanation of how this process typically works:


1. Identify the Asset or Liability: Clearly define what is being measured

for fair value. This includes understanding its characteristics, such as

condition and location.


2. Determine Market Participants: Identify who would be involved in

buying or selling this asset in a principal (or most advantageous) market.

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller newage. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $7.99. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

67479 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 15 years now

Start selling
$7.99
  • (0)
Add to cart
Added