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- IAS 16 – Property Plant and Equipment 0%
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Question 1 of 10
1. Question
Which of the following is not a principal issue in accounting for property, plant and equipment?
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Question 2 of 10
2. Question
IAS 16 shall be applied to:
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Question 3 of 10
3. Question
IAS 16 applies to bearer plants but it does not apply to the produce on bearer plants.
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Question 4 of 10
4. Question
Which of the following statements define “bearer plant”?
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Question 5 of 10
5. Question
Which of the following statements define “recoverable amount”?
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Question 6 of 10
6. Question
The __________ of an asset is the estimated amount that an entity would currently obtain from disposal of the asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.
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Question 7 of 10
7. Question
Which of the following terms is defined by this statement: “the present value of the cash flows an entity expects to arise from the continuing use of an asset and from its disposal at the end of its useful life or expects to incur when settling a liability”?
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Question 8 of 10
8. Question
Under which of the following circumstances does IAS 16 allow to recognise the cost of an item of property, plant and equipment as an asset?
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Question 9 of 10
9. Question
Items of property, plant and equipment may be acquired for safety or environmental reasons, therefore not directly increasing the future economic benefits of any particular existing item of property, plant and equipment.
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Question 10 of 10
10. Question
Which of the following comprises the cost of an item of property, plant and equipment?
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