Which of the following is an advantage of using cost as a valuation method over fair market value?
A)objectivity
B)reliability
C)verifiability
D)all of the above

Question

Quizplus · Accepted Answer

Cost is an objective, reliable, and verifiable method of valuation as it is based on actual expenditures made by the company. Therefore, all of the above options are advantages of using cost as a valuation method over fair market value.

Which of the Following Is an Advantage of Using Cost