Question

In: Accounting

Which of the following assets accounted for under the cost model will not be carried at...

Which of the following assets accounted for under the cost model will not be carried at cost less accumulated depreciation

Select one:

a. Motor vehicles

b. Land

c. Plant and Equipment

d. Office Furniture and Fixtures

Solutions

Expert Solution

Answer- The correct option is c.Plant and Equipment.

Land is accounted for under the cost model will not be carried at cost less accumulated depreciation.

As depreciation is not charged at land .

ekkarill92 answered 2 years ago
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