Back to lesson
1. Which of the following is not a characteristic of an asset?
Expected to provide future economic benefits to an entity
Transaction or event leading to the creation of the asset must have occurred already
Needs to be owned by an entity
2. Which of the following is not a characteristic of a non-current asset?
It is intended for resale to customers
The asset must have an economic life of more than one year
It is expected to provide future economic benefits to an entity
3. Which of the following is not a method of depreciation?
Value in Use
Back to the top
© 2017 GoSkills Ltd.
Skills for career advancement