Otter Ltd Has an Item of Plant with a Cost

question 10

Multiple Choice

Otter Ltd has an item of plant with a cost of $4,200,000, and at 30 June 20X4 the accumulated depreciation was $600,000 and its estimated residual amount $200,000; its accumulated impairment was $150,000 at the beginning of the reporting period.
-Otter Ltd has adopted the cost model for the class of assets.What is the carrying amount of the asset at 30 June 20X4?

• A)$3,650,000
• B)$3,400,000
• C)$3,450,000
• D)$3,250,000

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Definitions:

Glutamate

An amino acid that acts as a key neurotransmitter in the brain, involved in learning, memory, and the regulation of the nervous system.

Consolidation

Process of stabilizing a memory trace after learning.

Memory Trace

A memory trace is a theoretical concept for the physical and biochemical change that takes place in the brain to store a memory, enabling recall and recognition of past experiences.

Synaptic Effectiveness

Synaptic effectiveness refers to the efficiency with which neurotransmitters are released from one neuron and activate receptors on another, influencing the strength of the synaptic connection.