The Cost Model of Accounting for PP&E Assets

question 21

Multiple Choice

The cost model of accounting for PP&E assets

• A) should be applied to investment property only.
• B) should be applied to other PP&E assets only.
• C) can be applied to all classes of PP&E including investment property.
• D) is not appropriate under ASPE.

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Definitions:

Ungrounded Type

Refers to an electrical system or circuit that does not have a direct physical connection to the earth, affecting fault detection and safety characteristics.

Shield Grounded

Refers to a technique in which the shield of a cable is connected to ground to protect the signal within from electromagnetic interference.

Discrete Input Module

A component within an automation system that receives and processes digital signals from external sources.

Analog Input Module

A hardware component that receives and converts analog signals into digital data for a control system.