Search Header Logo

CFASand z

Authored by Bert Bermudez

Other

University

CFASand z
AI

AI Actions

Add similar questions

Adjust reading levels

Convert to real-world scenario

Translate activity

More...

    Content View

    Student View

60 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What type of asset is property, plant, and equipment classified as?

Intangible

Tangible

Current

None of these

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is NOT a characteristic of property, plant and equipment?

Used in production or supply of goods/services

Used for resale

Expected to be used for more than one year

Used for administrative purposes

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the primary criterion for recognizing an item as property, plant, and equipment?

It is resalable

It has market value

Future economic benefits will flow to the entity

It is an intangible asset

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

At initial recognition, how is property, plant and equipment measured?

At fair value

At cost

At carrying amount

At residual value

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is NOT an element of the cost of PPE?

Purchase price

Advertising expense

Installation cost

Professional fees

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What term describes costs like delivery and site preparation that are added to PPE cost?

Indirect costs

Deferred charges

Directly attributable costs

Fixed costs

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is NOT directly attributable to the cost of PPE?

Site preparation

Employee benefits during construction

Testing the asset

Staff training

Access all questions and much more by creating a free account

Create resources

Host any resource

Get auto-graded reports

Google

Continue with Google

Email

Continue with Email

Classlink

Continue with Classlink

Clever

Continue with Clever

or continue with

Microsoft

Microsoft

Apple

Apple

Others

Others

Already have an account?