What are the disadvantages of using cost model to measure property plant and equipment?

The cost model for measuring property, plant, and equipment (PPE) can have several disadvantages. It may not reflect the current market value or fair value of assets, potentially leading to outdated financial information. Additionally, it does not account for changes in technology or economic conditions that may affect asset utility, resulting in a lack of relevance for decision-making. Lastly, the cost model can also overlook potential impairment losses, as it focuses primarily on historical costs rather than ongoing asset performance.