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ABC Adheres to IFRS and Applies the Revaluation Model to Account

question 122

Multiple Choice

ABC adheres to IFRS and applies the revaluation model to account for its Patents. Prior to 2009, there was no balance in the company's Revaluation Surplus (OCI) accounts relating to its long-lived assets. The following year-end data refers to the company's patents:
(the table values are in 000's) :
 Carrying Value  Fair Value 2009$170$1202010$160$1252011$150$130\begin{array} { | l | l | l | } \hline & \text { Carrying Value } & \text { Fair Value } \\\hline 2009 & \$ 170 & \$ 120 \\\hline 2010 & \$ 160 & \$ 125 \\\hline 2011 & \$ 150 & \$ 130 \\\hline\end{array}




-The 2010 revaluation journal entry would include


Definitions:

Job Enrichment

A job design approach aimed at enhancing job satisfaction and performance by adding tasks that increase the job's responsibility, variety, and significance.

Agreeableness

A personality trait characterized by warmth, kindness, and cooperativeness, influencing how individuals interact within social and organizational contexts.

Job Crafting

The act of employees modifying and personalizing their job to better fit their strengths, passions, and motives, leading to improved job satisfaction and performance.

Job Resources

Various physical, psychological, social, or organizational aspects of a job that can help achieve work goals, reduce job demands, and stimulate personal growth.

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