Write $4$ arguments in favor that historical cost is more relevant than current values, and present $4$ arguments that current value is more relevant than historical cost. At the very end, conclude whether you think historical cost or current value cost is more relevant and why? 

Answer rating: 100% (QA)

Arguments in Favor of Historical Cost Objectivity Historical cost is based on actual transactions and historical data at the time of acquisition It provides a verifiable and objective measure of value ... View the full answer