determining the value of the assets?

Q: 1. IAS 36 applies to which of the following assets? (a) Inventories. (b) Financial assets. (c)…

A: “Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: What are the criteria of an assets held for sale?

A: Step 1   If any of the assets is held for sale then, it ceases to depreciation and amortization and…

Q: In accounting for the acquisition of assets, the assets acquired are to be recorded at the ‘cost of…

A:

Q: The depreciation procedures that apply to the main kinds of depreciable assets in general?

A: Depreciation is an accounting method for allocating the cost of a tangible or physical asset over…

Q: _Accounting concept is in valuation of fixed assets

A: Option A. Historical cost concept says fixes asset is to be recorded at the amount paid to acquire…

Q: 1. Long-lived assets include which of the following? a. Tangible assets such as equipment. b.…

A: As posted multiple independent questions we are answering only first question kindly repost the…

Q: Assets That Are Intangible definition

A: Asset: Assets refer to the resources owned by the business, which are utilized in the course of the…

Q: In your own words explain the term “identifiable” as per IAS38 – Intangible assets.

A: Introduction:- Intangible assets are expected to generate economic for more than one year or one…

Q: Which of the following does describe intangible assets? a. They are not lack physical existence.…

A: The correct answer for the above mentioned question is given in the following steps for your…

Q: Th e valuation technique under which assets are recorded at the amount that would be received in an…

A: There are many valuation technique like cost method, market value method, base stock method, present…

Q: 1. Identify which type of assets should be classified and measured under these two categories…

A: IFRS: International Financial Reporting Standards (IFRS) are the standards or rules required to be…

Q: Describe  accounting for depreciation of fixed assets?

A: The depreciation is the reduction in the value of fixed assets with the usage and passage of time.

Q: Which statement below regarding the accounting for intangible assets is correct?

A: Intangible asset: Intangible asset is an asset that has no physical existence. In simple words we…

Q: Which of the following methods of fixed assets valuation provides more relevant information to users…

A: Generally the fixed assets are valued at cost less accumulated depreciation. But…

Q: what is the group or composite life of the assets?

A: 1. Composite rate = ( Total Depreciation per year / Total Cost ) x 100 2. Composite life = Total…

Q: Explain the difference between Tangible and Intangible Assets

A: Introduction: Assets: Any resource which is having monetary value called as Assets. Assets are to be…

Q: List 3 common intangible assets.  How is the life determined that is to be used to compute…

A: Three common intangible assets are : 1. Goodwill: It is the premium amount that is valued based on…

Q: Valuing assets at the amount of cash or equivalents paid or the fair value of the consideration…

A: solution If the cash paid at the time of acquisition is used to measure an asset, then it is called…

Q: What type of assets requires adjusting entries to record depreciation?

A: The assets that require adjusting entries to record depreciation is long-term tangible assets. The…

Q: Expenditures to acquire long-term assets are most likely classified as a. Personnel Services b.…

A: The question is based on the concept of Accounting Theory.

Q: how do you find assets

A: Assets:   These are the resources owned and controlled by business and used to produce benefits for…

Q: Valuing assets at the amount of cash or equivalents paid or the fair value of the consideration…

A: The elements of financial statements which contain the financial information about an organization…

Q: Define current assets. What basis is used for arranging individual items within the current assets…

A: The question is based on the concept of Accounting theory

Q: How do you identify intangible assets such as usufruct in modern transactions

A: Goodwill, brand awareness, and proprietary information like as patents, trademarks, and copyrights…

Q: - return on assets Is:

A: Closing income tax Payable = Opening Income tax payable + Current year expenses - Income tax paid…

Q: Which of the following assets have definite physical share or identity and existence? [A]…

A: Assets:   These are the resources owned and controlled by business and used to produce benefits for…

Q: A) In accounting for the acquisition of assets, the assets acquired are to be recorded at the ‘cost…

A: Introduction: The cost of acquisition of an asset comprises 1) its purchase price, including import…

Q: Assets Classified as Intagible Assets Required: What is the total amount to be recognized as…

A: Intangible Assets Non current assets has two sub part one is tangible assets and another is…

Q: Is intangible assets is classified as current assets?

A: Generally, the liquidity of the assets plays a significant role in determining whether they are…