Which of the following is true of historical costs?
A) They are useful for making future predictions.
B) They are relevant for decision making.
C) They are always accounted as opportunity costs.
D) They cannot be fixed costs.

Question

Quizplus · Accepted Answer

Historical costs do not necessarily reflect current or future market values, but they can still be useful for making predictions based on past trends or patterns.

Which of the Following Is True of Historical Costs