menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Accounting Study Set 2
  4. Exam
    Exam 15: Non-Current Assets: Revaluation, Disposal and Other Aspects
  5. Question
    What Type of Account Is the Carrying Amount of Equipment
Solved

What Type of Account Is the Carrying Amount of Equipment

Question 58

Question 58

Multiple Choice

What type of account is the Carrying Amount of Equipment account?


A) Asset
B) Expense
C) Negative asset
D) Negative expense

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q49: If a computer with a fully depreciated

Q50: Under the accounting standard dealing with revaluations,

Q51: Which of the following statements is incorrect?<br>A)

Q52: Which statement concerning the accounting treatment of

Q53: Scot Ltd uses a composite-rate depreciation rate

Q54: According to IFRS 3/AASB 3 purchased goodwill:<br>A)

Q55: Goodwill is defined in IFRS 3/AASB 3

Q56: Which of the following statements relating to

Q57: Intangible assets may be further classified as:<br>A)

Q59: Which of the following are requirements of

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines