How is the gain on an intra-entity transfer of a depreciable asset recognized?

What will be an ideal response?


The gain on an intra-entity transfer of a depreciable asset may be recognized in one of two ways: (i) through the use of the asset in operations; or (ii) through the sale of the asset to an independent third party.

Business

You might also like to view...

The testimonial executional framework is effective, especially with services, because it simulates:

A) a fantasy B) negative likeability C) a word-of-mouth recommendation D) visual esperanto

Business

In the liquidity-preference model, an increase in people's incomes causes the

A. money supply curve to shift to the right. B. money supply curve to shift to the left. C. money demand curve to shift to the left. D. money demand curve to shift to the right.

Business

Shopper marketing involves focusing the entire marketing process—from product and brand development to logistics, promotion, and merchandising—toward turning shoppers into buyers at the point of sale

Indicate whether the statement is true or false

Business

When corporate citizenship is initiated and led from the middle or lower levels of the organization, it can be referred to as ______.

A. catalytic approach B. corporate advocacy C. transitional responsibilities D. agency theory

Business