Accounting for IGCSE & O level - Final Statements (Section 13 - No. 2)
What can cause the book value of an asset to differ from its market value?
Depreciation
Market fluctuations
Inflation
The use of historical cost
Selitys
Depreciation, market fluctuations, inflation, and the use of the historical cost method can all cause the book value of an asset to differ from its market value.