A. Cost price of asset
B. Market price
C. Cost Transport Installation expenses
D. Cost or market values whichever is less
Related Mcqs:
- Which of the following statements best describes the purpose of depreciation??
- Closing stock is generally valued at______________??
- Floating assets are valued at____________??
- Stock should be valued at_________??
- The accounting process of gradually converting the unexpired cost of fixed assets into expenses over a series of accounting periods is_________??
- The price which covers the variable cost as well as the fixed price is
- A competitive firm will maximise profits at the output where
- Property, Plant and Equipment are conventionally presented in the Balance Sheet at _________??
- If the average interest rate is 12% and depreciation is to be accounted for by straight line method at 10%, which of the following equipment will be most economical?
- When the declining-balance method is used
