What is a good response to the information below?

When aquring an asset, the fair value option is the market-rate of that asset at that given time. This option can be more useful than historical cost due to the fact that the asset is being considered in the market and what other assets are reselling for. The historical cost is the cost at the market rate from when it was sold, so as it was sold it was also the fair value cost. Over time the historical cost becomes inaccurate, so it is important to consider the fair value option, as time wears on for the asset and whether that value has now increased or descreased compared to the market. If one were to just use the historical cost, then certain factors were not to be considered such as damages or any declines in value of the asset. A slight negative aspect to the fair value option is that the asset will now have an everchanging value, since the market is constantly changing. As a consumer I would seek out both, but I believe the fair value option is more dynamic.