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Applying the Asset Recognition Criteria,which of the Following Accounting Treatments

Question 16

Multiple Choice

Applying the asset recognition criteria,which of the following accounting treatments are incorrect?


A) Transfer duties were included in the cost of acquisition of the photocopier.
B) Monthly servicing of the photocopier was capitalised.
C) Monthly servicing of the photocopier was expensed.
D) Replacement of a minor component part of the photocopier was expensed.
E) None of the given answers.

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