According to AASB 136,a Non-Current Asset Should Be

question 68

Multiple Choice

According to AASB 136,a non-current asset should be:

• A) revalued downwards where the net amount that is expected to be recovered through the cash inflows and outflows from its continued use and subsequent disposal exceeds its cost.
• B) written down to its replacement cost when the recoverable amount is greater than its value in use.
• C) written down to its recoverable amount when its carrying amount is greater than its recoverable amount.
• D) revalued upwards where its value in use is greater than its net realisable value.

---

Definitions:

Dr. Pepper

A brand of carbonated soft drink created in the United States and well-known for its unique flavor.

Law Of Demand

The negative relationship between price and quantity demanded: Ceteris paribus, as price rises, quantity demanded decreases; as price falls, quantity demanded increases.

Prices Fall

A scenario in which the market prices of goods or services decrease, often due to increased supply or reduced demand.

Law Of Demand

The economic principle stating that, all else being equal, as the price of a good or service increases, consumer demand for the good or service will decrease, and vice versa.