In the Historical Cost Model There Is an Assumption That

Multiple Choice

In the historical cost model there is an assumption that the monetary unit is fixed and constant over time.Which of the following components of the modern economy makes the assumption less valid than it was at the time the model was developed?

A) Specific price-level changes, occasioned by such things as technological advances and shifts in consumer preferences
B) General price-level changes (inflation)
C) Physical operating capital maintenance perspective
D) All of the given options are correct.