Which of the following is the attribute used to measure many assets that are recognized on a balance sheet,because it is more objective and verifiable?

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Historical cost is the attribute used to measure many assets that are recognized on a balance sheet, because it is more objective and verifiable. Historical cost is the original cost of acquiring the asset, and it is supported by reliable documentation such as purchase invoices and receipts. This differs from market value, which is subject to fluctuations in the market, and current replacement cost, which may not accurately reflect the actual cost of acquiring the asset. Liquidation value is the value of an asset if it were to be sold quickly, usually at a discount, and is not a reliable measure of the asset's value for accounting purposes.

Which of the Following Is the Attribute Used to Measure