100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
Previously searched by you
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
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
Answer saved
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
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through EFT, credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying this summary from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller BMZAcademy. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy this summary for R70,00. You're not tied to anything after your purchase.
