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[主观题]

An asset's cost includes all normal and reasonable expenditures necessary to get the asset in place and ready for its intended use.

提问人：网友aillean 发布时间：2022-01-07

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更多“An asset's cost includes all n…”相关的问题

第1题

What are the correct ledger entries to record an acquisition of a non-current asset on credit？

A、Debit Credit Non-current assets - cost Receivables

B、Debit Credit Payables Non-current assets - cost

C、Debit Credit Non-current assets - cost Payables

D、Debit Credit Non-current assets - cost Revaluation surplus

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第2题

In accordance with the principle, the recording of depreciation allocates the cost of the assets to the accounting periods that benefit form the assets'use.

A、matching

B、conservatism

C、materiality

D、None of the above.

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第3题

Which of the following is NOT an indirect cost of bankruptcy？

A、Loss of suppliers

B、Fire sales of assets

C、Costs of appraisers

D、Loss of employees

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第4题

Asset turnover is computed by dividing average total assets by cost of sales.

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第5题

For example, the purchase of advertising services on account, the recording of the expense will be accompanied by an increase in .

A.liabilities

B.assets

C.cost

D.expense

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第6题

According to the cost principle, assets are generally valued at cost rather than at es

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第7题

The profit earned by a business in 20X7 was $72,500. The proprietor injected new capital o

f $8,000 during the year and withdrew goods for his private use which had cost $2,200. If net assets at the beginning of 20X7 were $101,700, what were the closing net assets？

A、$35,000

B、$39,400

C、$168,400

D、$180,000

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第8题

Which of the following internally generated items may be eligible for capitalisation as intangible assets in accordance with IAS 38 Intangible Assets？（ignore business combinations.）

A、A customer list

B、A pre-production prototype

C、Goodwill

D、The cost of researching new material

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第9题

Gamma purchases a motor vehicle on 30 September 20X1 for $15,000 on credit. Gamma has a policy of depreciating motor vehicles using the reducing balance method at 15% per annum, pro rata in the years

A、Dr Non-current assets - cost $15,000 $2,250 Cr Payables $15,000

B、Dr Payables $15,000 $2,250 Cr Non-current assets - cost $15,000

C、Dr Non-current assets - cost $15,000 $375 Cr Payables $15,000

D、Dr Payables $15,000 $375 Cr Non-current assets - cost $15,000

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第10题

听力原文：The cost principle states that assets and services that are acquired should be re

corded at their actual cost.

(7)

A．The cost principle states that assets and services that are acquired should be recorded at their current price.

B．The cost principle states that assets and services that are acquired should be recorded at their actual historical cost.

C．The Reliability Principle states that assets and services that are acquired should be recorded at their current cost.