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:

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