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When Realised value of an asset is not given, It should be taken at ______
- a)Book Value
- b)Nil --Realised Value
- c)Market Value
- d)Both Book Value and Market Value
Correct answer is option 'B'. Can you explain this answer?
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When Realised value of an asset is not given, It should be taken at __...
If realized value of any asset is not given in the question, in such a case, realized value should be assumed as nil or Zero realized value.
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When Realised value of an asset is not given, It should be taken at __...
Realised Value of an Asset
Realised value of an asset refers to the actual amount received from the sale of the asset. In case the realised value of an asset is not given, it should be taken as nil.
Reasons for Taking Realised Value as Nil
There are various reasons for taking realised value as nil in case it is not given, such as:
1. Lack of Marketability: Sometimes, an asset may not be easily marketable, and it may not be possible to determine its realised value. In such cases, it is better to take the realised value as nil.
2. No Market for the Asset: In some cases, there may not be any market for the asset, and it may not be possible to sell it. In such cases, the realised value of the asset is zero.
3. Uncertainty: There may be uncertainty about the realised value of the asset due to various reasons such as legal disputes, environmental issues, etc. In such cases, it is better to take the realised value as nil.
4. Obsolescence: Sometimes, an asset may become obsolete, and there may not be any demand for it. In such cases, the realised value of the asset is zero.
Conclusion
In conclusion, if the realised value of an asset is not given, it should be taken as nil. This is because there may be various reasons why the realised value cannot be determined, and it is better to err on the side of caution by assuming that the realised value is zero.
Realised value of an asset refers to the actual amount received from the sale of the asset. In case the realised value of an asset is not given, it should be taken as nil.
Reasons for Taking Realised Value as Nil
There are various reasons for taking realised value as nil in case it is not given, such as:
1. Lack of Marketability: Sometimes, an asset may not be easily marketable, and it may not be possible to determine its realised value. In such cases, it is better to take the realised value as nil.
2. No Market for the Asset: In some cases, there may not be any market for the asset, and it may not be possible to sell it. In such cases, the realised value of the asset is zero.
3. Uncertainty: There may be uncertainty about the realised value of the asset due to various reasons such as legal disputes, environmental issues, etc. In such cases, it is better to take the realised value as nil.
4. Obsolescence: Sometimes, an asset may become obsolete, and there may not be any demand for it. In such cases, the realised value of the asset is zero.
Conclusion
In conclusion, if the realised value of an asset is not given, it should be taken as nil. This is because there may be various reasons why the realised value cannot be determined, and it is better to err on the side of caution by assuming that the realised value is zero.
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When Realised value of an asset is not given, It should be taken at ______a)Book Valueb)Nil --Realised Valuec)Market Valued)Both Book Value and Market ValueCorrect answer is option 'B'. Can you explain this answer?
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