TR2-7 Measurement Methods (LO 2-8) Which measurement method would be most appropriate for the following items: historical cost or current value? For current value, specify which of the three measurement bases applies. Required: Identify the most appropriate measurement method for each item. 1. Decommissioning Costs 2. Shares in a public company 3. Land 4. Lease 5. Long-term receivable Possible answers include, Current Value (Fair Value), Current Value (Fair Value) or historical cost (amoritized cost), Current Value (Fulfillment Value), Historical Cost, Historical Cost ASPE or historical cost or current value (Fair Value) (IFRS), Net Realized Value

Which measurement method would be most appropriate for the following items: historical cost or current value? For current value, specify which of the three measurement bases applies. Required: Identify the most appropriate measurement method for each item