If you receive a gift whose market price is $20, but you consider it to be worth only $10, then

A) there is a $10, or 50 percent, value gain.
B) there may or may not be a value loss.
C) there is a $10, or 50 percent, value loss.
D) you can be relatively certain the giver was a sibling or other close relative.

Market Price

The current price at which an asset or service can be bought or sold in the market.

Value Loss

The decrease in worth or utility of an asset or commodity, often due to changes in market demand, deterioration, or obsolescence.

Gift

An item given to someone without the expectation of payment or anything in return.