When Valuing Assets,the U

question 61

Multiple Choice

When valuing assets,the U.S.GAAP allows an asset to be decreased if its value decreases,but cannot be increased if the value increases later.What is the IASB standard for this activity?

• A) The value of the asset must remain as initially recorded.
• B) The value of the asset must be increased annually.
• C) The value of the asset can be averaged over time.
• D) The value of the asset can be increased to reflect the increased market value.
• E) The value of the asset must remain the same for four accounting cycles, then can be changed to reflect current market value.

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Definitions:

Antisocial Personality Disorder

A mental health disorder characterized by a long-term pattern of disregarding or violating the rights of others.

Negative Emotionality

Refers to a personality trait characterized by a tendency to experience negative emotions such as anger, anxiety, or depression more frequently and intensely than others.

Emotions

Complex psychological states involving physiological arousal, expressive behaviors, and conscious experience.

Unstable Relationships

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