all 4 options are the answer

hich of the statements below explain why CM is used? (Check all that apply.) LCM allows companies to recognize a gain in value of an asset in the period the gain occurs. Assets are not shown at an inflated value on the balance sheet, but rather at lower of cost or replacement cost. LCM allows companies to recognize a loss in value of an asset in the period the loss occurs. Companies never want to report inventory on a balance sheet that is higher than replacement cost