LOWER OF COST OR MARKET - A valuation rule that recognizes impairment of asset values but avoids anticipated gains.
The lower of cost or market valuation avoids anticipated gains and isn't always the best number to use.
mnli hypothesis: The lower of cost or market valuation avoids anticipated gains and isn't always the best number to use. premise: LOWER OF COST OR MARKET - A valuation rule that recognizes impairment of asset values but avoids anticipated gains.