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  • A The Cost (Or An Amount Substituted For Cost) of The Asset Less Its Residual Value B The Amount at Which The Asset Is Recognized in The Statement of Financial Position

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    Sheena DeLeon
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    A The Cost (Or An Amount Substituted For Cost) of The Asset Less Its Residual Value B The Amount at Which The Asset Is Recognized in The Statement of Financial Position

    Transféré par

    Sheena DeLeon

    Droits d'auteur :

    © All Rights Reserved
    Téléchargez comme DOCX, PDF, TXT ou lisez en ligne sur Scribd
    Signaler comme contenu inapproprié
    sur 1

    1. Which ONE of the following statements best describes the carrying amount of an asset?

    A The cost (or an amount substituted for cost) of the asset less its residual value
    B The amount at which the asset is recognized in the statement of financial position
    after
    deducting any accumulated depreciation and accumulated impairment losses

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