A valuation approach used by current IASB standards is:
i.Written down historical cost
ii.Fair values based on exit values
iii.Fair values based on value in use
A)i,ii
B)i,iii
C)ii,iii
D)i,ii,iii

Question

Quizplus · Accepted Answer

The International Accounting Standards Board (IASB) standards allow for various valuation approaches including written down historical cost, fair values based on exit values, and fair values based on value in use. These methods are used in different contexts depending on the specific accounting standard and the type of asset or liability being valued.

A Valuation Approach Used by Current IASB Standards Is