The fair value for an asset or liability is measured as the appraised value of the asset or liability. the price that would be paid to acquire the asset or received to assume the liability in an orderly transaction between market participants. the price that would be received when selling an asset or paid when transferring a liability in an orderly transaction between market participants. the cost of the asset less any accumulated depreciation or the carrying value of the liability on the date of the sale.

The following information is needed to reconcile the cash balance for gourmet catering services. * a deposit of $5,600 is in transit. * outstanding checks total $1,000. * the book balance is $6,400 at february 28, 2019. * the bookkeeper recorded a $1,800 check as $17,200 in payment of the current month's rent. * the bank balance at february 28, 2019 was $17,410. * a deposit of $400 was credited by the bank for $4,000. * a customer's check for $3,300 was returned for nonsufficient funds. * the bank service charge is $90. what was the adjusted book balance?