Multiple Choice

1. Based on PSAK 48 / IAS 36-impairment of assets, and the accounting treatment using the cost model is as follows:

1. When the carrying amount of an asset is greater than its recoverable amount, the carrying amount of the asset is reduced to its recoverable amount.
2. When the carrying amount of an asset is less than its recoverable amount, there is no change in asset value.
3. When the carrying amount of an asset is greater than its recoverable amount, the carrying amount of the asset is reduced to its recoverable amount.
4. When the carrying amount of an asset is less than its recoverable amount, the carrying amount of the asset is increased to its recoverable amount.

2. PT ANDARA MAJU is involved in the mining exploration business. The company embarked on a project to design more efficient gold detection equipment. The following expenses were incurred during the financial year ending 2020. Researcher salary $ 5,000. research consumables $ 3,000; $ 4,000 redevelopment of detection equipment; final adjustments to detection equipment $ 2,500. The amount that will be capitalized by this company as an intangible asset. For the 2020 financial year is.

1. $ 11,500
2. $ 8,000
3. $ 14,500
4. $ 6,500

3. What effect will the purchase option price have on the present value of the minimum lease payments calculated by the lessee?

1. There is no impact because the option does not enter into the transaction until the end of the lease period
2. The lessee must deduct the present value of the minimum lease payments from the present value of the option price.
3. The lessee must increase the present value of the minimum lease payments to the present value of the option price
4. The minimum rental payment will be increased by the option price.

4. In calculating the present value of the lease payments, the lesee must

1. Use both the incrimental loan rate and the lessor's implicit interest rate, assuming that the implicit interest rate is known to the lessee.
2. Uses the lessor's implicit interest rate and in all cases.
3. Use an incremental lending rate in all cases.
4. Use the lessor's implicit interest rate, assuming that the lessee's implicit interest rate is known.