Which of the following statements is a valid reason to select cost model over the revaluation model?
A) To report relevant information;
B) To reduce taxes;
C) To properly match costs with expenses;
D) To simplify the measurement accounting policy;
E) None of the given answers.

Question

Quizplus · Accepted Answer

The cost model is often chosen to simplify the measurement accounting policy, as it avoids the need for regular revaluations and adjustments required by the revaluation model.

Which of the Following Statements Is a Valid Reason to Select