Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. 1 under aasb 141 the basis for measuring biologica

1 Under AASB 141 the basis for measuring biological assets is: Group of answer choices...

90.2K

Verified Solution

Question

Accounting

1

Under AASB 141 the basis for measuring biological assets is: Group of answer choices

fair value less costs to sell.

replacement value.

historical cost less costs to sell.

estimated market value less costs to sell.

2If a computer with a fully depreciated cost of $10 000 is discarded as worthless, the correct accounting entry to record the scrapping is: Group of answer choices

DR Expense on disposal of asset $10 000; CR Proceeds of disposal of asset $10 000

DR Expense on disposal of asset $10 000; CR Computer $10 000

DR Expense on disposal of asset $10 000; CR Accumulated depreciation computer $10 000

DR Accumulated depreciation computer $10 000; CR Computer $10 000

0

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

From the perspective of a sociologist, choose one of the theoretical perspectives (interactionism, functionalism, or conflict theory)...

Psychology
Q

In a double flash geothermal power plant, the high-pressure separator is operating at 1 MPa and the...

Mechanical Engineering
Q

Show that the equation v2=v02 −2g(y−y0) is dimensionally consistent. (use dimensional analysis)

Physics
Q

60 94 2x

Geometry
Q

2 Simplify without a calculator Show your work a 2 2 b 3 2 c...

Basic Math
Q

1 Graph f x x 2 What are the domain and range of the function

Basic Math
Q

A local farmer is planting crops on his 30 acre farm. He wants to plant...

Basic Math
Q

All fractions are to be written in lowest terms NO DECIMAL NUMBERS ALLOWED Answers need...

Calculus
Q

Andretti Company has a single product called a Dak. The company normally produces...

Accounting
Q

Betty Leasing Company signs an agreement on January 1,2025, to lease equipment to Bramble Company....

Accounting
Q

Required information [The following information applies to the questions displayed below.] Financial...

Accounting
Q

Blossom Leasing Company agrees to lease equipment to Blue Corporation on January 1, 2017. The...

Accounting