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zoom inn in website to read better, show calculation and which ones is correct? Question 19 5 pts Under IAS 36 Impairment of Assets, impairment
zoom inn in website to read better,
show calculation and which ones is correct?
Question 19 5 pts Under IAS 36 Impairment of Assets, impairment of a piece of machinery is usually calculated by comparing depreciated cost with: Recoverable amount O Historic cost O Value in use O Fair value less selling costs Question 13 5 pts Assets classified as Investment Properties can only recognised at fair value at the end of the year with corresponding changes recognized in Income Statement. True O False Question 12 5 pts IAS 36 Impairment of Assets requires entities to determine the recoverable amount of an asset: At the end of Its useful life O Every 3-5 years O Every year Only if there is some indication that the asset might be Impaired Question 11 5 pts A non-current asset or disposal group classifled as held for sale should be measured at the higher of carrying value and fair valueless costs to sale True False Question 9 5 pts It is possible for the cost of a non-current asset to include the costs of dismantling and removing the asset at the end of its useful life False Question 8 5 pts Borrowing costs which quality to be be capitalised allows the company to increase non-current asset value and increase profit by reducing interest expenses. True O FalseStep by Step Solution
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