Until 2008 Mexico used which of the following bases for fixed asset valuation?
A. Historical cost
B. Historical cost later restated in terms of GPP
C. Current replacement cost
D. Net realizable value
Answer:B
Until 2008 Mexico used which of the following bases for fixed asset valuation?
A. Historical cost B. Historical cost later restated in terms of GPP C. Current replacement cost D. Net realizable value