A) Book value
B) Discounted present value
C) Market value
D) Compounded future value
E) Depreciated value
Correct Answer: A
Solution :
Book Value is the value at which the life insurer has purchased or acquired its assets. It is one of the ways of valuing assets; the others being At Market Value, Discounted Present Value, etc. In accounting, book value is the value of an asset according to its balance sheet account balance. For assets, the value is based on the original cost of the asset less any depreciation, amortization or impairment costs made against the asset.
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