Question: I need the answer as soon as possible An asset is sold in 2 different active markets at different prices. An entity enters into transactions

I need the answer as soon as possible

An asset is sold in 2 different active markets at different prices. An entity enters into transactions in both markets and can access the price in those markets for the asset at the measurement date. In Market A: The price that would be received is * 26, transaction costs in that market are 3 and the costs to transport the asset to that market are * 2. In Market B: The price that would be received is * 25, transaction costs in that market are * 1 and the costs to transport the asset to that market are 2. You are required to calculate: (0) The fair value of the asset, if market A is the principal market, and (ii) The fair value of the asset, if none of the markets is principal market

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