Notice: Payments for answers will end 4/10/2017. Click for more info.
You have new items in your feed. Click to view.
Question and answer
Q: What is included in the cost basis of a long-lived asset?
A: Both accounting models have similar recognition criteria, requiring that costs be included in the cost of the asset if future economic bene?ts are probable and can be reliably measured. [ Neither model allows the capitalization of start-up costs, general administrative and overhead costs or regular maintenance. However, both US GAAP and IFRS require that the costs of dismantling an asset and
restoring its site (that is, the costs of asset retirement under FAS 143Accounting for Asset Retirement Obligations or IAS 37) be included in the cost of the asset. Both models require a provision for asset retirement costs to be recorded when there is a legal obligation, although IFRS requires provisions in other circumstances as well. Read more: ]
batotoy|Points 450|
Question
Asked 11/19/2011 9:21:39 PM
0 Answers/Comments
Get an answer
New answers
Rating

There are no new answers.

Comments

There are no comments.

Add an answer or comment
Log in or sign up first.
26,443,773 questions answered
Popular Conversations
What is the solution to the proportion? n/18 = 5/9 A. n = 2.5 B. n ...
Weegy: n/18 = 5/9; 9n = 5 * 18 9n = 90 n = 90/9 n = 10
10/12/2017 10:59:55 AM| 8 Answers
During what part of "Bernice Bobs Her Hair" does Bernice cut ...
Weegy: Bernice cuts Marjorie's hair while she sleeps, and throws the braids in a car and walks down the street with her ...
10/12/2017 7:14:11 AM| 2 Answers
The Moon is made up mostly of _______, similar to minerals on Earth. ...
Weegy: The Moon is made up mostly of silicates, similar to minerals on Earth.
10/12/2017 9:54:42 AM| 2 Answers
What is a credit limit?
Weegy: A credit is an accounting entry that either decreases assets or increases liabilities and equity on the ...
10/21/2017 12:20:15 PM| 2 Answers
8z + 3 – 2z
Weegy: 8z + 3 - 2z User: y/9 + 5 = 0 Weegy: y/ 9 + 5 = 0;
10/21/2017 12:52:31 PM| 2 Answers
The Moon is made up of minerals similar to those on Earth, which are ...
Weegy: When the Moon reaches equal periods of orbital and rotational periods, it's known as SYNCHRONOUS rotation. ...
10/21/2017 1:13:59 PM| 2 Answers
The leader of the PLO (Palestine Liberation Organization) is A. ...
Weegy: IRELAND withdrew from the British Commonwealth to form an independent republic. User: The American ...
10/13/2017 7:26:44 AM| 2 Answers
Weegy Stuff
S
P
P
L
P
P
P
Points 140 [Total 2032] Ratings 11 Comments 30 Invitations 0 Offline
S
P
L
Points 101 [Total 123] Ratings 0 Comments 101 Invitations 0 Offline
S
Points 77 [Total 77] Ratings 4 Comments 37 Invitations 0 Offline
S
Points 11 [Total 11] Ratings 0 Comments 1 Invitations 1 Offline
S
Points 2 [Total 2] Ratings 0 Comments 2 Invitations 0 Offline
S
Points 2 [Total 2] Ratings 0 Comments 2 Invitations 0 Offline
S
Points 1 [Total 1] Ratings 0 Comments 1 Invitations 0 Offline
S
Points 1 [Total 1] Ratings 0 Comments 1 Invitations 0 Offline
S
Points 1 [Total 1] Ratings 0 Comments 1 Invitations 0 Offline
S
L
Points 1 [Total 100] Ratings 0 Comments 1 Invitations 0 Offline
* Excludes moderators and previous
winners (Include)
Home | Contact | Blog | About | Terms | Privacy | © Purple Inc.