The correct answer is: C. Historical Cost.
Historical cost is the original amount paid for an asset. It is the most reliable measure of an asset’s value because it is based on actual transactions. When no other information is available, historical cost is the best estimate of an asset’s value.
Replacement cost is the cost of replacing an asset with an identical asset. It is not always a reliable measure of an asset’s value because it may be difficult to determine the cost of replacing an asset.
Realizable value is the amount that an asset could be sold for in the current market. It is not always a reliable measure of an asset’s value because it may be difficult to determine the market value of an asset.
Standard cost is the cost of an asset that is determined by a company’s accounting policies. It is not always a reliable measure of an asset’s value because it may not reflect the actual cost of the asset.