Long-Term Operating Assets Acquisition, Cost Allocation, and Derecognition Test

Long-Term Operating Assets Acquisition, Cost Allocation, and Derecognition Test Bank and Assessment

This test bank and assessment is covering Long-Term Operating Assets Acquisition, Cost Allocation, and Derecognition Topic which is covered by Intermediate Accounting Module Students. With the help of this test bank set you will be able to assess your students on this topic. Long-Term Operating Assets Acquisition, Cost Allocation, and Derecognition Test Bank Set containing different types of questions such as:

• Multiple Choice questions;
• True/Falls questions;
• Open-ended questions;

Long-Term Operating Assets Acquisition, Cost Allocation, and Derecognition Test Bank will help you to assess following learning objectives of the students:

• Identify the types of property, plant, and equipment and determine the initial measurement of each; apply the definition of an asset to the decision to expense or capitalize an expenditure.
• Demonstrate the accounting for property, plant, and equipment subsequent to acquisition, including subsequent expenditures and depreciation.
• Determine and illustrate the appropriate accounting for asset derecognition of property, plant, and equipment, including sales and abandonments.
• Identify required disclosures for property, plant, and equipment.
• Specify the characteristics and types of intangible assets.
• Determine and illustrate the initial measurement of different types of intangible assets, including internally generated intangibles, intangibles acquired individually or in a group, intangibles acquired in a business combination, and research and development costs.
• Demonstrate accounting for intangible assets subsequent to acquisition, including amortization and derecognition.
• Detail required disclosures for intangible assets.

Long-Term Operating Assets Acquisition, Cost Allocation, and Derecognition Test Bank and Assessment Set contains 180 questions which will fully cover assessment process on this topic and will make your life easier. All answers to all questions are included which will make checking process faster.
Test bank for Long-Term Operating Assets Acquisition, Cost Allocation, and Derecognition is in the WORD format which will let you make any adjustments if required.

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