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FAC2601 ASSIGNMENT 3 SEMESTER 2 2024 Answer the following multiple-choice questions. Indicate your choice by selecting only one option from the four options given for each question answered. Round off all calculations to the nearest Rand or 2 decimal %,R70,00
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FAC2601 ASSIGNMENT 3 SEMESTER 2 2024 Answer the following multiple-choice questions. Indicate your choice by selecting only one option from the four options given for each question answered. Round off all calculations to the nearest Rand or 2 decimal %,
FAC2601 ASSIGNMENT 3 SEMESTER 2 2024
Answer the following multiple-choice questions. Indicate your choice by selecting only one option from the four options
given for each question answered. Round off all calculations to the nearest Rand or 2 decimal %, where applicable.
Use the following in...
Dashboard / My courses / FAC2601-24-S2 / Welcome Message / Assessment 3 - 26 September 2024 (18:00 - 21:00)
Question 1
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Marked out of 2.00
QUESTION 4:
According to IAS 40 - Investment Property, after initial recognition, an entity must choose an accounting policy for its investment
property. IAS 40 allows two measurement models for subsequent measurement.
REQUIRED:
Which of the following statements correctly describes the methods available for subsequent measurement of investment properties?
1. The fair value method only;
2. The cost model only.
3. The fair value method or revaluation method;
4. The fair value method or cost model;
Clear my choice
, Question 2
Answer saved
Marked out of 2.00
Dashboard Calendar
Answer the following multiple-choice questions. Indicate your choice by selecting only one option from the four options
Dashboard / My courses / FAC2601-24-S2 / Welcome Message / Assessment 3 - 26 September 2024 (18:00 - 21:00)
given for each question answered. Round off all calculations to the nearest Rand or 2nd decimal %, where applicable.
QUESTION 18:
BAP Ltd has completed the purchase of a mine for R1,600,000. According to the terms of the sale agreement, BAP Ltd is required to
rehabilitate the mine to its original state at the end of its useful life. The estimated rehabilitation costs, expected at the end of the
mine's useful life of 15 years, are R500,000. The applicable after-tax discount rate is 10%.
REQUIRED:
What will be the cost of the mine on 31 December 2023?
1. R383 027
2. R1 600 000
3. R2 100 000
4. R1 672 872
Clear my choice
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