The use of acquisition cost as a valuation method is justified on the basis that acquisition cost is:
A) timely
B) relevant
C) subjective
D) objective

Name: The use of acquisition cost as a valuation method is justified on the basis that acquisition cost is: A) timely B) relevant C) subjective D) objective
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Acquisition cost is considered objective because it is based on the actual cost paid for an asset, which is verifiable and not influenced by personal opinions or estimates.

The Use of Acquisition Cost as a Valuation Method Is