4. The original and planned investigation undertaken with the prospect of gaining new knowledge is described as: Select one:

a.development.

B.research.

c.exploration.

d.investigation.

45. An impairment loss occurs when:

a.the carrying amount of an asset exceeds the recoverable amount

b.the recoverable amount of an asset exceeds its initial cost.

c.the asset has a zero residual value

D. the recoverable amount of an asset exceeds the carrying amount

46. Assets and liabilities, and income and expenses may be off-set if:

Select one:

a.there is no tax effect.

b.required or permitted by a standard.

c.they are financial assets and liabilities.

d.they are in respect of borrowing and lending activities such as interest revenue and interest expense.