please answer all the questions immediately thankyou

46. Which of the following statements best describes the carrying amount of an asset? * (1 Point) The fair value of the asset less any subsequent accumulated impairment losses. The cost or an amount substituted for cost of the asset less residual value. The higher of net selling price and value in use. The amount at which the asset is recognized after deducting any accumulated depreciation and impairment losses 47. An investment property measured under fair value model is derecognized under all of the following cases, except (1 Point) Ds When there is a significant drop in the fair value of the investment property O When it is sold to a third party When it is permanentiy withdrawn from use O When no future economic benefits are expected from its disposal 48. To be classified as non-current asset held for sale (1 Point) The asset must be available for immediate sale in its present condition subject only to terms that are usual and customary for sales of such sales and the amount can be measured reliably The sale of the asset must be highly probable and the management does not have any alternatives but to sel the asset The sale of the asset must be highly probable and specific customer must a ready been located within 12 months from the date of classification of the asset as non-current asset held for sale The asset must be available for immediate sale in its present condition subject only to terms that are usual and customary for sales of such sales and the sale of the asset must be highly probable 49. Which of the following is correct about operating lease? (1 Point) The depreciation of the underlying asset is debited in the books of the lessee The lessor shall recognize a depreciation expense in relation to the underlying asset Lease liability account is credited in the books of the essee The essor may classify the ease contract as a sales-type lease and record a coresponding sales revenue 50. Government Grants include: 1. Free Technical or marketing services II. Provision of guarantees III. Government procurement policy that is responsible for a portion of an entity's sales (1 Point) O All of the statements are incorrect Only statements I and I are correct Only statements II and I are correct O All of the statements are correct