Where an Asset Is Measured on the Basis of the Discounted

question 19

Multiple Choice

Where an asset is measured on the basis of the discounted net cash flows that are expected to be generated by the future use of the item, the resulting measure is referred to as:

• A) fair value.
• B) net realisable value.
• C) historic cost.
• D) economic value.

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Definitions:

Chunking

Organizing items into familiar, manageable units; often occurs automatically.

Sensory Memory

The immediate, very brief recording of sensory information in the memory system.

Atkinson-Shiffrin

A model of memory proposed by Richard Atkinson and Richard Shiffrin in 1968 that describes memory in terms of three stores; sensory, short-term, and long-term memory.

Connectionism

An approach in cognitive science that models mental or behavioral phenomena as the emergent processes of interconnected networks of simple units.