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:

Expression Value

The result obtained after evaluating a combination of variables, operators, and values in programming.

Incremented

The process of increasing the value of a variable, usually by one, in programming.

Named Constant

A variable whose value is initialized at the time of declaration and cannot be changed during the program's execution, used to make code more readable and maintainable.

Program Execution

The process by which a computer runs the instructions in a program or script, translating them into machine-level commands to be performed.