Automatic Teller Machines and Conference Calls Are Included in Cyberspace

question 129

True/False

Automatic teller machines and conference calls are included in cyberspace.

Learn the disclosure requirements under AASB 8/IFRS 8 related to segment reporting.

Identify the entities to which AASB 8/IFRS 8 applies and understand early adoption provisions.

Apply the quantitative thresholds for determining reportable segments.

Recognize the required reconciliations under AASB 8/IFRS 8 and exceptions to these requirements.

---

Definitions:

Incremental Borrowing Rate

The interest rate a lessee would have to pay to borrow on a collateralized basis over a similar term for an amount equal to the lease payments.

Implicit Interest Rate

The rate of interest implied in the lease payments or in other financial arrangements, not explicitly stated.

Residual Value

The estimated value of an asset at the end of its lease term or useful life.

Straight-Line Depreciation

A method of allocating the cost of a tangible asset over its useful life in an even manner.