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If the allocation of overhead causes the cost of the self-constructed asset to be greater...

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Accounting

If the allocation of overhead causes the cost of the self-constructed asset to be greater than the fair value of the asset, the asset should be recorded at its __________ value with the excess recognized as a __________ in the current period.

a.future; loss

b.fair; gain

c.fair; loss

d.future; gain

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