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please answer all the questions immediately thankyou 21. An owner occupied property is held by the owner for use in production of products. (1 Point)
please answer all the questions immediately thankyou
21. An owner occupied property is held by the owner for use in production of products. (1 Point) TRUE O FALSE 22. A noncurrent asset held for sale may be depreciated on the discretion of the entity's management, on (1 Point) O TRUE FALSE 2 TAIL 23. Which is True Under PFRS 6? (1 Point) Expenditure for the extraction and processing of mineral resource for transport to market is included as an expenditure for exploration and evaluation of mineral resource Exploration and evaluation expenditures are incurred when specific area is being developed and preparations for commercial extraction are being made Expenditure for the commercial review of possible area for minera extraction before bidding for legal right to explore a specific area is excluded as an expenditure for exploration and evaluation of mineral resource The initial measurement of Exploration assets is at fair market value 24. Most large and successful oil companies use full cost method * (1 Point) TRUE FALSE 25. A transfer from investment property carried at fair value to owner-occupied property shall be accounted for at (1 Point) Carrying amount Historical cost Fair value, which becomes the deemed cost Fair value less disposal costStep by Step Solution
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