exit price indicates the selling price which reflect the cash capacity of the assets

Select one: True False

an equipment has a cost of $150,000. the replacement cost is $200,000. the equipment has 8 years useful life and no salvage value and the firm used straight line depreciation. the realized profit should recognized when use current cost accounting is:

a. $50,000

b. $6,250

c. $43,750

d. $25,000

which of the followings is not a measurement principle included in the conceptual framework

a. replacement cost

b. Economic value

c. Historical cost

d. reliable measurement