For a Depreciable Asset,the Amount of Depreciation Recognised Shall Be

question 45

Multiple Choice

For a depreciable asset,the amount of depreciation recognised shall be in accordance with IAS 16.The asset shall be:

• A)fully depreciated over the shorter of the lease term and its useful life, if there is a reasonable certainty that the lessee will obtain ownership by the end of the lease term.
• B)fully depreciated over the shorter of the lease term and its useful life, if there is no reasonable certainty that the lessee will obtain ownership by the end of the lease term.
• C)fully depreciated over the longer of the lease term and its useful life, if there is no reasonable certainty that the lessee will obtain ownership by the end of the lease term.
• D)fully depreciated over the longer of the lease term and its useful life, if there is no reasonable certainty that the lessee will obtain ownership by the end of the lease term

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Definitions:

Interaction

The reciprocal action or influence between entities, leading to a response or the creation of new dynamics.

Standardization

The process of making something conform to a standard in order to ensure consistency and uniformity across different units.

CAM

Complementary and Alternative Medicine, which refers to a broad range of healthcare practices that are not part of a country's own tradition or conventional medicine.

Aromatherapy

A holistic healing treatment that uses natural plant extracts to promote health and well-being, often through inhalation or application of essential oils.