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

question 15

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
-When the revaluation model is adopted, the carrying amount at reporting date is measured by:

• A)VI in all cases
• B)VI, except when VI is less than IV, in which case IV is used
• C)IV in all cases
• D)VI, except when the both III and V are less than VI, when the greater of III and V is used

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Definitions:

IP Address

A distinct sequence of numerals divided by dots that specifies each device communicating via the Internet Protocol across a network.

External Entities

In system analysis and design, refers to outside systems or stakeholders that interact with a given system but are not part of it.

Communicating with Network

The exchange of information between devices or systems over a computer network.

Active Topology

A type of network design where the nodes participate in moving data through the network.