It Is Possible to Measure Assets in Several Ways: the Possible

question 6

Multiple Choice

It is possible to measure assets in several ways: the possible ways include:
I. $\quad$ cost – an input or entry measure
II. $\quad$ replacement cost – an input or entry measure for a equivalent asset in new condition (an input or entry measure)
III. $\quad$ value in use (present value of future cash flows)
IV. $\quad$ current cost – the cost of replacing the production capacity that an asset had when new (an input or entry measure)
V. $\quad$ fair value less cost to sell
VI. $\quad$ fair value used under revaluation model
-Under AASB 136 the following measures are used to estimate recoverable amount:

• A)the total of III and V
• B)the greater of III and V
• C)III
• D)V

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Definitions:

Ethical Conflict

A situation where an individual faces a clash between two or more ethical principles or values, making it challenging to decide on the morally right course of action.

Emotional Intelligence

The ability to recognize, understand, manage, and reason with one's own emotions and the emotions of others.

Manage Themselves

The ability of individuals or groups to regulate their own actions and affairs without external intervention.

Relationships

The way in which two or more concepts, objects, or people are connected, or the state of being connected or interrelated.