Which of the following statements about measurements in the financial statements is$/$are correct:

$($i$)$ Under replacement cost accounting, the carrying amount of an asset is adjusted for changes in the general level of inflation using price indices $($e$.$g$.$

the Consumer Price Index$).$

$($ii$)$ Current purchasing power $($CPP$)$ is a measurement basis used to value assets in periods of high inflation.

$($iii$)$ Entities operating in certain industries $($e$.$g$.$ oil & gas$)$ are required by IFRS to use replacement cost accounting when measuring their cost of sales

and gross profits.

$($iv$)$ Realisable value is a current cost measurement.

a$.($i$)$

b$.($ii$)$

C$.($iii$)$

d$.($iv$)$

e$.$ No statement is correct