Based on SFAS $157($ASC $820),$ fair$-$value measurement of an entity's assets is based on:

Group of answer choices

Management's intended or planned use of the assets at the measurement date.

Entity's internal data and assumptions about the potential economic benefits of the assets at the measurement date.

Expectations about the sale or transfer price of the asset at the measurement date from the perspective of market participants.

The amount that the entity would receive from transferring the asset to a peer or similar entity.