Question 8

An entity shall choose either the cost model or the fair value model in measuring the
property, plant and equipment after the recognition.Corr
Correct Answerect!
  
False
 
Question 9
If the property, plant and equipment is acquired through exchange of non-monetary
assets, the cost of such an item will be measured at fair value unless
a. The exchange lacks commercial substance
b. The fair value of neither assets received nor given up is reliably measurable
c. Should be both A and B
d. Either A or B
e. Neither A nor B 
Correct AnswerCorrect!
  
d