Multiple Choice
An entity must measure its Property, Plant and Equipment after initial recognition at,
A) Cost
B) Cost less accumulated depreciation and impairment losses if any
C) Cost less accumulated depreciation and impairment losses if any including cost of day to day servicing
D) None of the above
Correct Answer:
Verified
Correct Answer:
Verified
Q8: Cost of inventory is a sum of<br>A)Cost
Q9: Consumable stores are<br>A)Inventories<br>B)Property, Plant and Equipment<br>C)Investment Property<br>D)Intangible
Q10: FASB is based in…………….<br>A)London<br>B)Chennai<br>C)New York<br>D)Norwalk
Q11: Cost of inventory does not include<br>A)Salary of
Q12: ASB was set up in India on………………<br>A)21
Q14: …………….is the residual interest in the asset
Q15: An intangible asset is identified when,<br>A)It is
Q16: A property developer must classify properties that
Q17: Impairment loss is recognised when,<br>A)Carrying amount of
Q18: The cost of intangible asset at initial