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What is the accounting for FVTPL investments Multiple Choice Revalued to fair value each reporting date, with the change in fair value included in earnings Revalued to fair value each reporting date, with the change in fair value included in other comprehensive Income Amortized using the effective rate method. o Held at historical cost o The minimum net book value of a capital assets is its Multiple Choice Amortizable cost. O Residual value. Capital cost less accumulated depreciation Salvage value. Why is component depreciation necessary? Multiple Choice When an asset is viewed as a whole, it does not reflect the patter of consumption since some parts or components will be used up faster than others. The effect of not depreciating major components is to have lower depreciation. O O Both reasons are valid Neither reason is valid Which statement is correct about the treatment of transaction costs? Multiple Choice Transaction costs for investment classified as a falr-value-through-profit-and-loss investment are expensed. O o Transaction costs for a subsidiary are capitalized into the purchase price Transaction costs are always included in the investment cost, All statements are correct