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In a Previous Period Banshee Ltd Wrote-Off Its 'Dynamic Mover

Question 1

Multiple Choice

In a previous period Banshee Ltd wrote-off its 'dynamic mover' equipment, but new information has shown that it is probable that the future economic benefits exceed its cost of $40 000. What is the appropriate accounting entry?


A) In a previous period Banshee Ltd wrote-off its 'dynamic mover' equipment, but new information has shown that it is probable that the future economic benefits exceed its cost of $40 000. What is the appropriate accounting entry? A) B) C) D) E) None of the given answers.
B) In a previous period Banshee Ltd wrote-off its 'dynamic mover' equipment, but new information has shown that it is probable that the future economic benefits exceed its cost of $40 000. What is the appropriate accounting entry? A) B) C) D) E) None of the given answers.
C) In a previous period Banshee Ltd wrote-off its 'dynamic mover' equipment, but new information has shown that it is probable that the future economic benefits exceed its cost of $40 000. What is the appropriate accounting entry? A) B) C) D) E) None of the given answers.
D) In a previous period Banshee Ltd wrote-off its 'dynamic mover' equipment, but new information has shown that it is probable that the future economic benefits exceed its cost of $40 000. What is the appropriate accounting entry? A) B) C) D) E) None of the given answers.
E) None of the given answers.

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