Arguments against using historical cost as a measurement base are which of the following: I. Historical cost takes into consideration changes in the value of money over time. II. The amount paid for an item or received for an item in the past may not necessarily be indicative of its value. III. Judgement involved in determining depreciation rates can create inconsistencies and opportunity for manipulation. IV. Inability to determine the cost of some items. Select one: A. I, III and IV. B. II and III. C. II, III and IV. D. I, II, III and IV