37. Values of assets purchased or liabilities recorded as recorded by bookkeepers are considered as

A) appreciated values
B) depreciated values
C) market values
D) book values
✅ ANSWER: D
Values of assets purchased or liabilities recorded as recorded by bookkeepers are considered as book values. Book value is also the net asset value of a company calculated as total assets minus intangible assets (patents, goodwill) and liabilities.

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