Which of the following statements are correct? 1 IAS 16 Property, plant and equipment requires entities to disclose the purchase date of each asset. 2 The carrying amount of a non-current asset is the cost or valuation of that asset less accumulated depreciation. 3 IAS 16 Property, plant and equipment permits entities to make a transfer from the revaluation surplus to retained earnings for excess depreciation on revalued assets. 4 Once decided, the useful life of a non-current asset should not be changed.
A、1, 2 and 3
B、2 and 3 only
C、2 and 4 only
D、1, 2 and 4 only
A、1, 2 and 3
B、2 and 3 only
C、2 and 4 only
D、1, 2 and 4 only
【参考答案及解析】
IAS 16 does not require the purchase date of each asset to be disclosed. The carrying amount ofan asset = cost/valuation - accumulated depreciation. The useful life of an asset is determined upon acquisition and should be reviewed at least annually and depreciation rates adjusted for the current and future periods if expectations vary significantly from the original estimates. When an asset is revalued, IAS 16 permits entities to make a transfer from the revaluation surplus to retained earnings of the excess depreciation arising due to the revaluation.
IAS 16 does not require the purchase date of each asset to be disclosed. The carrying amount ofan asset = cost/valuation - accumulated depreciation. The useful life of an asset is determined upon acquisition and should be reviewed at least annually and depreciation rates adjusted for the current and future periods if expectations vary significantly from the original estimates. When an asset is revalued, IAS 16 permits entities to make a transfer from the revaluation surplus to retained earnings of the excess depreciation arising due to the revaluation.