Robertson Inc

question 109

Multiple Choice

Robertson Inc.prepares its financial statements according to International Financial Reporting Standards (IFRS) .At the end of its 2016 fiscal year,the company chooses to revalue its equipment.The equipment cost $540,000,had accumulated depreciation of $240,000 at the end of the year after recording annual depreciation,and had a fair value of $330,000.After the revaluation,the accumulated depreciation account will have a balance of:

• A)$240,000.
• B)$264,000.
• C)$270,000.
• D)None of these answer choices are correct.

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Definitions:

Contraceptives

Methods or devices used to prevent pregnancy, contributing to family planning and control of population growth.

Apathetic Leadership

A leadership style characterized by a lack of interest in or concern for the well-being of followers, the organization, or societal issues.

Family Planning

The practice of controlling the number of children in a family and the intervals between their births, particularly by means of contraception or voluntary sterilization.