While US GAAP requires assets to be valued at the lower of cost
or market, there is a belief that assets with value fluctuations should
be valued at market and adjusted on a regular basis. Create an argument
supporting the use of market value for investment valuation. Provide
support for your argument.
Assess the potential abuses of
companies using a market value approach to investment valuation and how
it may impact decisions made by the public relying on the information.