What is NOT a condition for measuring a capital asset?

In the context of measuring a capital asset, the conditions involve several factors that help determine whether an item qualifies as a capital asset and how it should be valued. A capital asset is typically defined as a long-term resource that is expected to provide economic benefits over time.

The requirement that an asset should have a current cash value is not essential for measuring a capital asset. While understanding the cash value can inform decisions about financial reporting and the potential for revenue generation, capital assets are more fundamentally characterized by their utility and how they benefit the entity over their useful lives, rather than their immediate cash value.

In contrast, the other conditions are critical in establishing a capital asset. The benefit flowing to the entity ensures that the asset contributes to the entity's operations or generates income. The reliability of cost measurement confirms that the asset's value can be accurately recorded in the financial statements, reflecting its economic substance. Finally, the asset's identifiability and controllability ensure that the entity can recognize and manage the asset effectively in its operations.

In summary, while current cash value can enhance understanding of an asset's worth, it is not a requisite condition for measuring a capital asset in accounting practice.