When an Entity Classifies a Non-Current Asset as "Held for Sale

question 19

Multiple Choice

When an entity classifies a non-current asset as "held for sale":

• A)the entity no-longer expects to recover its carrying amount through its use.
• B)they are no longer of use to the entity and must be abandoned
• C)always comprise part of a discontinued operation.
• D)they continue to be depreciable assets

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Definitions:

Toilet Training

The process of teaching a young child to use the toilet for urination and defecation, also known as potty training.

Maturation

The process of becoming mature, involving the growth and development of the body or mind, or the development of natural abilities at a predetermined pace and sequence.

Object Permanence

The awareness that things continue to exist even when not perceived.

Accommodation

In cognitive development, the process by which existing mental structures and behaviors are modified to adapt to new experiences.