Accountants consider only explicit costs when measuring accounting profit.The reason they ignore implicit costs is that

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Quizplus · Accepted Answer

Implicit costs are not out-of-pocket expenses and hence do not affect the cash inflows or outflows of the business. They are opportunity costs, which represent the benefits foregone by choosing one option over another. Since they do not involve actual monetary transactions, they are not recorded in the accounting books and do not factor into the calculation of accounting profits. Accounting profits only consider explicit costs, which are the actual expenses incurred by the business such as wages, rent, utilities, materials, etc.

Accountants Consider Only Explicit Costs When Measuring Accounting Profit