Which of the Following Statements Is NOT Correct

question 1

Multiple Choice

Which of the following statements is NOT correct?

• A) intangible assets are to be derecognised when there are no expected future benefits from the asset;
• B) amortisation of an intangible with a finite useful life does not cease when the asset becomes temporarily idle;
• C) amortisation of an intangible with an indefinite life does not cease when the asset is retired from active use;
• 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:

Employment Equity Act

Legislation aimed at eliminating discrimination and promoting equal opportunities in the workplace, specifically addressing issues related to underrepresented groups.

Employment Barriers

Challenges or obstacles that prevent individuals from gaining employment, such as discrimination, lack of experience, or inadequate education.

People With Disabilities

Individuals experiencing physical, mental, cognitive, or sensory impairments that may hinder their full and effective participation in society on an equal basis with others.

Direct Discrimination

Unequal treatment of someone based on protected characteristics like race, gender, or age in a way that is overt and explicit.