Which of the following is NOT an advantage of deprival cost accounting?
A) it allows for the proper maintenance of the 'business substance'
B) it values resources at expected proceeds if they are to be replaced.
C) it provides a balance sheet based on current value.
D) it is consistent with accounting concepts.
Correct Answer:
Verified
Q2: Deprival value (DV)has a clearly definable concept
Q3: The deprival value of an asset can
Q4: Which of the following is NOT a
Q5: In a practical business context disposal value
Q6: Net realisable value can be defined as,"the
Q7: Edwards & Bell defined Current values as;
A)values
Q8: Which of the following is NOT a
Q9: Which of the following is NOT an
Q10: Replacement cost valuations are usually more subjective
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