Which is the common measurement attribute in accounting measurement?

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Accounting measurement is the process of determining the amount of an accounting element that meets the conditions for recognition by recording it in the accounts and reporting it in the financial statements according to certain measurement standards and measurement methods. Enterprises should be measured in accordance with the prescribed accounting measurement attributes to determine the relevant amounts. Measurement attributes refer to the characteristic aspects of an element being measured, such as the length of a table, the weight of iron ore, the height of a building, etc. From an accounting perspective, measurement attributes reflect the basis for determining the amount of an accounting element and include, among others, historical cost, replacement cost, net realizable value, present value and fair value.

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