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Updated almost 14 years ago,
Do You Carry Your Properties At Historical Cost Or Mark Them To Market?
When you do your accounting for your PFS, business books, etc. do you carry the projects at historical cost or mark them to market? If you mark them to market how do you determine "true" market value without cheating?
What do financiers generally want to see? Normally I would say historical cost is more conservative, but if property values have dipped this may no longer be the case :D