SOFE AFE Exam Actual Questions

The amount that currently would be required to replace the service capacity of an asset is called:

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A change in _ or its application is appropriate if the change results in a measurement that is equally or more representative of fair value in the circumstances.

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To avoid double counting or omitting the effects of risks factors what should reflect assumptions that are consistent with those inherent in the cash flows?

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What technique uses a risk-adjusted discount rate and contractual, promised, or most likely cash flows?

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Fair quoted techniques used to measure fair value should maximize the use of observable inputs and minimize the use of unobservable inputs.

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