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:

Liquid-based

Pertaining to a method or medium that is in a liquid form, often used in reference to technologies or preparations that use liquids.

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A term describing a pregnancy that follows the typical developmental milestones without significant complications.

Complete Blood Count

A blood test that measures the concentration of various components of blood, including red and white blood cells and platelets.

Infection

The invasion and multiplication of microorganisms such as bacteria, viruses, and parasites that are not normally present within the body, leading to disease or illness.