Given a text T, and several options, according to the question posed in the text T to choose the most appropriate option from the options as the answer, please directly output the most appropriate option, do not need to output the explanation.

Which of the following is most likely a reason for using asset-based valuation?
Option A:The analyst is valuing a privately held company.
Option B:The company has a relatively high level of intangible assets.
Option C:The market values of assets and liabilities are different from the balance sheet values.

Answer: A