Which of the Following Is Correct with Respect to the "Recoverable

question 66

Multiple Choice

Which of the following is correct with respect to the "recoverable amount"?

• A)It is defined as the lower of the value in use or fair value less cost to sell under IFRS.
• B)It is defined as the lower of the value in use or fair value less cost to sell under ASPE.
• C)Under IFRS, it is defined as the sum of the undiscounted cash flows expected from use of the asset.
• D)Under ASPE, it is defined as the sum of the undiscounted cash flows expected from use of the asset.

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Definitions:

Level Of Significance

A different phrasing for the threshold probability used to decide when a hypothesis test's results are too unlikely under the null hypothesis, prompting its rejection.

Null Hypothesis

A statistical hypothesis that assumes no significant difference or effect exists between certain datasets or parameters.

Alternative Hypothesis

The hypothesis that there is a significant difference between specified populations, any observed difference being due to sampling or experimental error.

Confidence Interval

A range of values that is likely to contain a population parameter with a certain level of confidence.