A fixed asset costs €200,has an expected useful life of four years,with zero scrap value and the replacement cost of a new asset rises by €20 per annum.Calculate the holding gain reserve at the end of year 2.
A) €55
B) €50
C) €40
D) €35
Correct Answer:
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Q2: The current entry value balance sheet can
Q3: Current entry value accounting only considers the
Q4: The capital maintenance concept can be defined
Q5: Which of the following is NOT an
Q6: The holding gains account should record gains
Q7: Where the replacement cost of a fixed
Q8: A holding gain can be defined as;
A)current
Q9: One of the advantages of current entry
Q10: Accounting income = business income + realised
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