Masonry Construction Group Paid $12,000 for a Plant Asset That

question 158

Multiple Choice

Masonry Construction Group paid $12,000 for a plant asset that had a market value of $14,500.At which of the following amounts should the plant asset be recorded?

• A) $14,500
• B) $6000
• C) $12,000
• D) $24,000

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Definitions:

Competitive Strategy

A long-term plan of action designed to give a company a competitive advantage over its rivals.

External Environment

All external forces that can affect an organization's performance, including economic, technological, socio-cultural, and political/legal factors.

Leadership

The act of guiding or influencing others towards achieving a common goal through direction, motivation, and encouragement.

Executive Teams

Groups of high-ranking officers and leaders within an organization who make strategic decisions.