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March 18, 2026The Accounting Review

Current Cost for Long-Lived Assets: A Critical View.

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Authors

HSHoward Jim SnavelyThe University of Texas at Arlington

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Implication

This article critiques the usefulness of current-cost data for long-lived assets in financial reporting, suggesting implications for valuation.

Key Points

  • The article aims to argue against the inclusion of current-cost data in financial statements, particularly for long-lived assets.
  • Critically analyzing existing arguments regarding current-cost data
  • Evaluating the relevance of current-cost versus historical-cost data
  • Discussing the implications of current-cost data on firm valuation
  • Highlights doubts about the usefulness of current-cost data in financial statements
  • Argues that current-cost figures may complicate firm valuation
  • Suggests that relevance requires aiding in both valuation and management evaluation processes

Cite This Study

Howard Jim Snavely (1969) studied this question.

synapsesocial.com/papers/69ba431a4e9516ffd37a4103https://doi.org/10.2308/tar-4486671
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Also Consider

Synapse has enriched 5 closely related papers on similar clinical questions. Consider them for comparative context:

  1. 1On the Feasibility of Developing Current Cost Information.1967
  2. 2Current and Historical Costs in Financial Statements.1966
  3. 3Current-Cost Financial Statements and Common-Stock Investments Decisions.1973
  4. 4A CRITICAL APPRAISAL OF THE CURRENT ASSET CONCEPT.1959
  5. 5The Accounting-for-Changing-Prices Experiment: A Valid Test of Usefulness?1987