According to AASB 136 a Non-Current Asset Should BE

question 32

Multiple Choice

According to AASB 136 a non-current asset should bE.

• A) Revalued downwards where the net amount that is expected to be recovered through the cash inflows and outflows from its continued use and subsequent disposal exceeds its cost.
• B) Written down to its replacement cost when the recoverable amount is greater than its value in use.
• C) Written down to its recoverable amount when its carrying amount is greater than its recoverable amount.
• D) Revalued upwards where its value in use is greater than its net realisable value.
• E) None of the given answers.

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Definitions:

Extensor Digitorum Longus

A muscle in the leg that helps in extending the toes and dorsiflexing the foot.

Fibularis Longus

A muscle located on the lateral side of the lower leg, important for plantar flexion and eversion of the foot.

Gastrocnemius

The gastrocnemius is a major calf muscle that contributes to knee flexion and ankle plantarflexion, playing a crucial role in walking and jumping.

Semimembranosus

A large muscle of the posterior thigh, part of the hamstrings group, involved in hip extension and knee flexion.