Recoverable Amount Is The

question 57

Multiple Choice

Recoverable amount is the:

• A) higher of an asset's fair value less costs to sell, and its value in use.
• B) amount expected to be received from the disposal of the asset.
• C) amount expected to be recovered from the use of the asset.
• D) lower of an assets fair value and its net realisable value.

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Definitions:

Touch Screen

An electronic visual display that can detect the presence and location of a touch within the display area, used for interaction.

Orders

Instructions to buy or sell securities or goods, often given to a broker or company.

Wages

Wages are the monetary compensation or payment received by workers for their labor or services, typically calculated on an hourly, daily, or piecework basis.

Taxes

Taxes are compulsory financial charges or some other type of levy imposed upon a taxpayer by a governmental organization in order to fund government spending and various public expenditures.