The FASB ASC has identified an area where current-value financial statements are more useful than historical cost

Question:

The FASB ASC has identified an area where current-value are more useful than historical cost statements. Search the FASB ASC database to find the paragraphs addressing this issue, cite it, and copy the results.
Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...