Applying the Asset Recognition Criteria,which of the Following Accounting Treatments

question 16

Multiple Choice

Applying the asset recognition criteria,which of the following accounting treatments are incorrect?

• A) Transfer duties were included in the cost of acquisition of the photocopier.
• B) Monthly servicing of the photocopier was capitalised.
• C) Monthly servicing of the photocopier was expensed.
• D) Replacement of a minor component part of the photocopier was expensed.
• E) None of the given answers.

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Definitions:

Effective Presentation

The delivery of information or arguments in a clear, engaging, and well-organized manner to achieve the desired impact.

Grammatical Errors

Mistakes or inaccuracies in the use of language's syntax, affecting the clarity or correctness of communication.

Logical

Relating to the correct use of reason in thinking or inference; coherent and consistent.

Rhetorical Situation

The context of a rhetorical act, made up of a rhetor, an audience, a message, and the purpose for communication.