Which of the Following Statements Is Incorrect

question 49

Multiple Choice

Which of the following statements is incorrect?

• 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 a finite useful life ceases 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.

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Definitions:

Aggressive

Showing readiness or intent to confront or engage in hostile behavior.

Conversation

The informal exchange of ideas, thoughts, and opinions through spoken language between two or more people.

Bobo Doll Studies

A series of experiments conducted by Albert Bandura demonstrating that children can learn aggressive behaviors through observation.

Model

A simplified representation or simulation of a complex reality used to explain, predict, or control certain aspects of that reality.