Which of the Following Statements Is Not Correct

question 8

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:

Networking

The act of interacting with other individuals or organizations to exchange information and develop professional or social contacts.

Professional Assistance

Expert support or guidance provided to help individuals or businesses achieve specific goals.

Inflexibility

The lack of adaptability or inability to change in response to new information or changing circumstances.

Shopping Center

A complex or area that houses multiple retail stores, restaurants, and other service outlets.