The primary advantage of replacement value is:
A)accuracy.
B)high cost.
C)low taxes.
D)low cost.

Question

Quizplus · Accepted Answer

The primary advantage of replacement value is accuracy, as it represents the actual cost to replace an asset. Therefore, it provides a more accurate estimate of an asset's value compared to other methods such as book value or market value. The other choices do not relate to the advantage of replacement value.

The Primary Advantage of Replacement Value Is