If the allocation of overhead causes the cost of the self-constructed asset to be greater than the

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If the allocation of overhead causes the cost of the self-constructed asset to be greater than the fair value of the asset, the asset should be recorded at its _____ value with the excess recognized as a _____ in the current period.

fair, loss

future, gain

fair, gain

future, loss

Related Book For answer-question

Intermediate Accounting

ISBN: 978-0077400163

6th edition

Authors: J. David Spiceland, James Sepe, Mark Nelson

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Posted Date: Nov 07, 2020 07:25 PM

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If the allocation of overhead causes the cost of the self-constructed asset to be greater than the

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Answer Fair Loss Explaination The increase in overhead caused by the s... View the full answer

Intermediate Accounting

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