Historical cost is often referred to as the most relevant method of measurement.

Name: Historical cost is often referred to as the most relevant method of measurement.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Historical cost is not always considered the most relevant method of measurement, as it does not reflect current market conditions or changes in the value of assets over time. Other methods, such as fair value or replacement cost, may be more appropriate in certain situations.

Historical Cost Is Often Referred to as the Most Relevant