Under U.S.GAAP, an asset is considered impaired if its book value is:
A.less than its market value.
B.greater than the present value of its expected future cash flows.
C.greater than the sum of its undiscounted expected cash flows.
第1题
A manufacturing firm shuts down production at one of its plants and offers the facility for rent.Based on the market for similar properties, the firm determines that the fair value of the plant is €500,000 more than its original cost.If this firm uses the cost model for plant and equipment and the fair value model for investment property, should it recognize a gain on its income statement under IFRS?
A.Yes, because the plant will be reclassified as investment property.
B.No, because the increase in value does not reverse a previously recognized loss.
C.No, because the firm must continue to use the cost model for valuation of this asset.
第2题
In the early years of an asset’s life, a firm that chooses an accelerated depreciation method instead of using straight-line depreciation will tend to have:
A.lower net income and lower equity.
B.higher return on equity and higher return on assets.
C.lower depreciation expense and lower turnover ratios.
第3题
Which of the following statement about expenses and intangible assets is least accurate?
A.advertising fees are generally expensed as incurred.
B.In most countries, research and development costs are capitalized.
C.Intangible assets are initially entered on the balance sheet at their purchase prices when they are acquired from an outside entity.
第4题
In the period when a firm makes an expenditure, capitalizing the expenditure instead of recognizing it as an expense will result in higher:
A.debt-to-equity and debt-to-assets ratios.
B.net income and have no effect on total cash flows.
C.cash flow from investing and lower cash flow from operations.
为了保护您的账号安全,请在“上学吧”公众号进行验证,点击“官网服务”-“账号验证”后输入验证码“”完成验证,验证成功后方可继续查看答案!