There are a variety of ways to value an asset and record it, but the most common is taking the purchase price of the asset and subtracting its depreciation cost. This is known as the book value, or ...

Sikochi, Siko, Suraj Srinivasan, and Quinn Pitcher. "Fair Value Accounting at Noble Group (A)." Harvard Business School Case 118-034, November 2017. (Revised August 2018.) ...