Which one of the following is an example of the expected benefit approach for valuing long-lived assets?

A) Historical cost.
B) Current replacement value.
C) Current cost.
D) Discounted present value.

The expected benefit approach values long-lived assets based on their future economic benefits. Discounted present value is a method that calculates the present value of an asset's expected future cash flows. Therefore, it is an example of the expected benefit approach. Historical cost, current replacement value, and current cost are all based on past or current information and do not consider future economic benefits.