Assets are usually valued at? a.Historical Cost b. Residual Value c. Net Realizable Value d. Replacement Cost
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A: Hey there the question is assumed to be as assets are valued under.
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A: This question is answered as per IAS 29 "Financial Reporting in Hyperinflationary Economies".
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Q: Explain return on assets (ROA)
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Q: Cost of property asset minus the residual value is equal to net book value.
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Q: What is meant by depreciation for the cost approach?
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Q: t is Asset-Accumulation
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Q: What are two advantages to basing the valuation of assets and liabilities on their historical cost?
A:
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- Cost of property asset minus the residual value is equal to net book value. T/FExplain the historical cost principle and discuss its advantages and disadvantages compared to other methods of accounting for assets.The historical cost principle requires that when assets are acquired, they be recorded at Select one: a. book value. b. appraisal value. c.market price. d. cost.
- Th e valuation technique under which assets are recorded at the amount that would be received in an orderly disposal is: A . current cost.A cost that is recorded as an asset is ________. Group of answer choices an operating expenditure a tangible expenditure a capital expenditure an intangible expenditureWhat is the accumulated depreciation in COST and in REPLACEMENT COST?