1 Under AASB 141 the basis for measuring biological assets is: Group of answer choices...
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Accounting
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Under AASB 141 the basis for measuring biological assets is: Group of answer choices
fair value less costs to sell.
replacement value.
historical cost less costs to sell.
estimated market value less costs to sell.
2If a computer with a fully depreciated cost of $10 000 is discarded as worthless, the correct accounting entry to record the scrapping is: Group of answer choices
DR Expense on disposal of asset $10 000; CR Proceeds of disposal of asset $10 000
DR Expense on disposal of asset $10 000; CR Computer $10 000
DR Expense on disposal of asset $10 000; CR Accumulated depreciation computer $10 000
DR Accumulated depreciation computer $10 000; CR Computer $10 000
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