What method of fixed asset valuation would most likely be used in countries that regularly experience high rates of inflation?

Question

Quizplus · Accepted Answer

Using historical cost adjusted for changes in general purchasing power (GPP) method allows for the adjustment of the historical cost of assets to reflect changes in inflation rates, ensuring that the financial statements reflect the true value of the assets. This method is commonly used in countries with high rates of inflation to avoid over- or under-stating the value of fixed assets on the balance sheet.

What Method of Fixed Asset Valuation Would Most Likely Be