Which of the following statements about defensive assets is correct? If an entity determines a defensive value for an asset that is significantly more than its value in use, the entity cannot use it as a defensive asset. Defensive assets are required to be valued at cost because an entity does not intend to use the asset for its highest and best use. The fair value of an asset used defensively is assumed to be zero or a nominal amount because the acquirer doesn’t plan to use the asset. The acquirer measures the asset at fair value, assuming its highest and best use by market participants, which may differ from the acquirer's intended use.