All of the following statements are true except:
a. IFRS requires that estimates of residual value and the life of the asset be reviewed at least annually and revised if necessary.
b. The FASB standards do not have a specific rule that requires residual value and asset life to be reviewed annually.
c. IFRS does not have a specific rule that requires residual value and asset life to be reviewed annually.
d. The FASB generally requires operating assets to be recorded at acquisition cost, less depreciation, and the assets' values are not changed to reflect their fair market values or selling prices.
c
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A manager arrives an hour early to work every day and is always completing his task early as well as constantly striving for excellence within the organization. Which two traits best represent the manager?
A. articulate and self-confident B. dependable and diligent C. trustworthy and perceptive D. self-confident and empathetic
Kessen Inc.'s bonds mature in 7 years, have a par value of $1,000, and make an annual coupon payment of $70. The market interest rate for the bonds is 8.5%. What is the bond's price?
A. $923.22 B. $946.30 C. $969.96 D. $994.21 E. $1,019.06
Which of the following is a strength of the behavioral approach?
A. it can accurately predict employee job satisfaction B. the universal style of team leadership is best C. the wide range of research on leadership behaviors gives it credibility D. the research supports that task and relationship behaviors lead to positive team outcomes
You need to cite every piece of information that is not common knowledge or the result of your own primary research
Indicate whether the statement is true or false.