Which of the Following Statements Is NOT Correct

question 9

Multiple Choice

Which of the following statements is NOT correct?

• A) intangible assets are to be derecognised on disposal;
• B) amortisation of an intangible with a finite useful life ceases when the asset becomes temporarily idle;
• C) intangible assets are to be derecognised when there are no expected future benefits from the asset;
• D) gains or losses on disposal are calculated as the difference between the proceeds on disposal and the carrying amount at point of sale, with amortisation calculated up to the point of sale.

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Definitions:

Group Size

A factor that affects the dynamics and outcomes of social interactions, influencing behavior, communication, and cohesion within groups.

Ally

A person or entity that provides support or assistance, often in a partnership or coalition.

Influence

The ability to influence the personality, growth, or actions of an individual or entity.

Providing Information

The act of giving data or facts to enhance knowledge or understanding.