Under AASB 116 When an Asset Is Revalued and the Gross

question 20

Multiple Choice

Under AASB 116 when an asset is revalued and the gross method is used,accumulated depreciation:

• A) must be written back to profit.
• B) must be closed off to reduce the asset account.
• C) is ignored during revaluation as it has not effect on carrying amount.
• D) should be increased by the same proportion as the gross carrying amount of the asset so that the carrying amount of the asset after revaluation equals the revalued amount.

Develop the ability to identify key features of conic sections such as center, radius, vertices, co-vertices, and foci.

Enhance skills in graphing equations of parabolas, circles, and ellipses.

Apply knowledge of algebra to solve geometrical problems related to parabolas, circles, and ellipses.

Understand the different reasons and motivations for corporate mergers and acquisitions.

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Definitions:

Intrinsic Benefits

Advantages or rewards that come inherently with an activity or action, not dependent on external factors.

Extrinsic Benefits

Rewards or advantages that come from external sources, not inherently related to the activity itself, but serving as motivations or bonuses.

Indirect Order

A sentence structure used to make requests or commands in a more polite or less assertive manner.

Persuasive Messages

Communications designed to influence the attitudes, beliefs, or actions of others.