The Amount at Which an Asset Is Recognised After Deducting

question 3

Multiple Choice

The amount at which an asset is recognised after deducting any accumulated depreciation (amortisation) and accumulated impairment losses is known as:

• A)fair value
• B)recoverable amount
• C)recognised amount
• D)carrying amount

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Definitions:

NaOH

Sodium Hydroxide, a strong base used in chemical manufacturing, paper making, and as a drain cleaner.

HCl

Hydrochloric acid, a diatomic molecule consisting of hydrogen and chlorine; a strong, corrosive acid commonly used in a variety of industrial and laboratory processes.

Molality

A metric indicating the amount of solute per unit weight of solvent, calculated in moles of solute per kilogram of solvent.

Molarity

The quantification of how much solute is present in a solution, represented by moles of solute per liter of solution.