The cost model attempts to reflect the amount that would be required to a) replace the asset's service capacity

Accounting Aug 22, 2020

The cost model attempts to reflect the amount that would be required to

a) replace the asset's service capacity.

b) value older financial assets where there is no longer a market for the asset.

c) value the asset.

d) value older non-financial assets where there is a market for the asset.

Expert Solution

The cost model attempts to reflect the amount that would be required to replace the asset's service capacity. The correct option is A "replace the asset's service capacity".

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