B is corrent. Current market value or "quoted market price" is used as a measurement base, for example, in the case of precious metals having a fixed selling price with no substantial cost of marketing. Discounted cash flow is used as a measurement base for assets capitalized under long-term leases. Replacement cost is used as a measurement base for inventories when the replacement cost has fallen below historical cost.
A is incorrect. Current market value or "quoted market price" is used as a measurement base, for example, in the case of precious metals having a fixed selling price with no substantial cost of marketing. Discounted cash flow is used as a measurement base for assets capitalized under long-term leases. Replacement cost is used as a measurement base for inventories when the replacement cost has fallen below historical cost.
C is incorrect. Current market value or "quoted market price" is used as a measurement base, for example, in the case of precious metals having a fixed selling price with no substantial cost of marketing. Discounted cash flow is used as a measurement base for assets capitalized under long-term leases. Replacement cost is used as a measurement base for inventories when the replacement cost has fallen below historical cost.
D is incorrect. Current market value or "quoted market price" is used as a measurement base, for example, in the case of precious metals having a fixed selling price with no substantial cost of marketing. Discounted cash flow is used as a measurement base for assets capitalized under long-term leases. Replacement cost is used as a measurement base for inventories when the replacement cost has fallen below historical cost.
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