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:

Associative

Relating to or involving the formation of associations or connections between ideas, experiences, or memories.

Team

A group of individuals working together towards a common goal, often characterized by cooperative and coordinated efforts.

Parallel

In psychology, parallel play refers to a stage of development in children where they play alongside other children without directly interacting with them, a concept often used to describe certain social behaviors.