Beaver Ltd Has an Item of Plant Which Had a Cost

question 23

Multiple Choice

Beaver Ltd has an item of plant which had a cost of $2 000 000; on 30 June 20X7 its accumulated depreciation was $1,100,000 and its recoverable amount was $1,000,000.What is the carrying amount of this asset at 30 June 20X7?

• A)$1,100,000
• B)$1,000,000
• C)$900,000
• D)$2 000 000

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Definitions:

Firm's Competitive Advantage

The unique attributes or capabilities that enable a business to outperform its competitors and achieve superior margins.

Organizational Goals

The objectives or targets that an organization aims to achieve, which guide its strategic planning and operations.

Strategic Framework

An overarching plan or structure that outlines an organization's strategy, including its goals, principles, and approaches to achieving its objectives.

Structural Variables

Factors that define the organizational structure, such as departmentalization, chain of command, span of control, and centralization or decentralization.