TRẮC NGHIỆM

Câu 1: Wheeler Corporation constructed a building at a cost of $20,000,000.

Average accumulated expenditures were $8,000,000, actual interest was
$1,200,000, and avoidable interest was $600,000. If the salvage value is
$1,600,000, and the useful life is 40 years, depreciation expense for the first full
year using the straight-line method is (ĐA: A) [($20,000,000 + $600,000) –
$1,600,000] ÷ 40 = $475,00

A.$475,000.

B. $490,000.

C. $515,000.

D. $675,000

Câu 2: ABC Company purchased equipment for $10,000. Sales tax on the purchase
was $500. Other costs incurred were freight charges of $200, repairs of $350 for
damage during installation, and installation costs of $225. What is the cost of the
equipment? ( NGUYÊN GIÁ) $10,000 + $500 + $200 + $225 = $10,925 ( ĐA: C)

A. $10,000
B. $10,500
C. $10,925
D. $11,275

Câu 3: Which of the following is not an asset that falls under the scope of IAS 16?
(ĐA : C)

A.Tangible assets
B.Assets held for the production or supply of goods or services
C.Assets held for sale in the normal course of business
D.Assets expected to be used for more than one period

Câu 4: Which of the following would not be included in the cost of an item of
property, plant and equipment? ( ĐÁP ÁN C)
A.Delivery and installation charges
B.Testing costs
C.Refundable value added tax
D.Site preparation costs

Câu 5: Depreciation is defined as the fall in value of an asset during an accounting

period. True or False? ( Đáp án b)FALSE

Cau 6: Which is correct concerning residual value of PPE? ( DA: D)

a.The carrying value of an asset is the estimated amount an entity would currently
obtainfrom disposal of the asset, after deducting the estimated costs of disposal, if
the asset werealready of the age and in the condition expected at the end of its
useful life.
b.The residual value and the useful life of an asset should be reviewed at least at
eachfinancial year-end and, if expectations differ from previous estimates, any
change is accounted for prospectively as a change in policy.
c.Depreciation is not recognized if the fair value of the asset exceeds its carrying
amount,even if the asset's residual value does not exceed its carrying amount.
d.The residual value of an asset may increase to an amount equal to or greater than
the asset's carrying amount. If it does, the asset's depreciation charge is zero unless
and until its residual value subsequently decreases to an amount below the asset's
carrying amount.

Câu 7: Which ONE of the following terms best describes the cost (or an amount
substituted for cost) of an asset less its residual value? (da: D)

A. Revalued amount
B. Carrying amount
C. Recoverable amount
D. Depreciable amount

Câu 8: Which of the following disclosures is not required when an asset is

revalued? (ĐA: A)

a. Name of valuer

b. Basis used

c. Effective date of revaluation

d. Revaluation surplus

Câu 9: Under IAS 16, if assets are exchanged in an arms length, commercial
transaction, their value will be measured at: ( ĐA: B)

a. Written down value

b. Fair value

c. Carrying value

d. Net present value

Câu 10: Under IAS 16, if an asset is idle… ( ĐA: C)

a. Depreciation is paused

b. Depreciation for the entire period does not apply

c. Depreciation continues

d. Depreciation is ignored

Câu 11: Under IAS 16, how often should the useful life of an asset be reviewed?
(ĐA: A)

A. At least at each financial year end

B. Every six months
C. At management’s discretion
D. Never