Which of the following describes correctly the relationship between the use of historic cost based accounting and measurement error? Historic cost accounting has higher risk of management opportunistic accounting as management frequently estimates the initial value of purchased assets Historic cost accounting is free from measurement error asall values are based solely on purchase price information None of these answers are correct Depreciation undertaken in historic cost accounting does not create measurement error when using straight line depreciation Historic cost accounting has lower risk of opportunistic management generated error at the initial recognition of an asset