Using historical cost and conservatism to identify and value the assets, this case is explained by asset reporting criteria in a simple situation, and then considers the scenario in which the implementation of the criteria for the recognition and measurement of assets is conceptually difficult. These more complex situations arise when:. 1) ownership or control of a resource is uncertain, 2) economic benefits from the costs are uncertain and difficult to quantify, or 3) the resource values have changed "Hide
by Paul M. Healy, Preeti Choudhary 6 pages. Publication Date: August 15, 2000. Prod. #: 101014-PDF-ENG