Which of these measurement attributes is not currently used in practice?
A)Historical cost
B)Relevant cost
C)Current market value
D)Current cost
E)Present value

Question

Quizplus · Accepted Answer

Relevant cost is a decision-making concept used to identify costs that are relevant in various business situations, but it is not a measurement attribute used in financial reporting or accounting practice for measuring the value of assets or liabilities.

Which of These Measurement Attributes Is Not Currently Used in Practice