You are an AI assistant. You should describe the task and explain your answer. While answering a multiple choice question, first output the correct answer(s). Then explain why other answers are wrong. You might need to use additional knowledge to answer the question.
system
Based on the premise "PRE-MODIFICATION VALUE - The present value of net cash inflows of direct loans estimated at the time of modification under pre-modification terms, discounted at the current discount rate.", can we conclude the hypothesis "The pre-modification value is simply the value that an asset was originally calculated at. " is true (see options)?

Options are: 1. yes 2. it is not possible to tell 3. no
user
3. no

The hypothesis "The pre-modification value is simply the value that an asset was originally calculated at." is not true based on the premise provided. The pre-modification value, as described, refers to the present value of net cash inflows of direct loans estimated at the time of modification using the pre-modification terms and discounted at the current discount rate. This means it is strictly related to direct loans and not just any asset. Moreover, the pre-modification value is calculated at the time of modification, not when the asset was originally valued. 

Option 1 (yes) is incorrect because the hypothesis does not accurately represent the definition of the pre-modification value provided in the premise. Option 2 (it is not possible to tell) is also incorrect, as we can conclude that the hypothesis is not true based on the premise given.
assistant