Which of the Following Is Not an Example of an Assumption

question 32

Multiple Choice

Which of the following is not an example of an assumption that must be disclosed under AASB 101/IAS 1 Presentation of Financial Statements when future-oriented estimates are necessary to measure the recoverable amount of assets?

• A) Useful lives
• B) Future interest rates
• C) Future changes in salaries
• D) Future bad debts

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Definitions:

GPA

Grade Point Average, a standard way of measuring academic achievement in the U.S., calculated as a numerical average of grades earned in courses.

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A range of characteristics pertaining to, and differentiating between, masculinity and femininity.

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