Historical cost is widely used for asset valuation because it:
A) requires no additional data collection
B) is more objective than current cost
C) is more useful for predicting the effects of decision making
D) All of these answers are correct.

Question

Quizplus · Accepted Answer

Historical cost is widely used for asset valuation because it requires no additional data collection, is more objective than current cost, and is more useful for predicting the effects of decision making.

Historical Cost Is Widely Used for Asset Valuation Because It