Question: please answer all the questions immediately thankyou 15. Statement 1 - Laboratory research aimed for discovering new knowledge is an example of development activities under

 please answer all the questions immediately thankyou 15. Statement 1 -

Laboratory research aimed for discovering new knowledge is an example of development

activities under the PFRS for Intangible Asset Statement 11 - When there

is a third party committed to buy the intangible at the end

of the useful life and when there is an active market for

please answer all the questions immediately thankyou

15. Statement 1 - Laboratory research aimed for discovering new knowledge is an example of development activities under the PFRS for Intangible Asset Statement 11 - When there is a third party committed to buy the intangible at the end of the useful life and when there is an active market for intangible asset, the residual value of an intangible may not be zero (1 Point) True: True True: False False: False False: True 16. The Scanner Company is commencing a new construction project, which is to be financed by borrowing. The key dates are as follows: 15 May 2020 Loan interest relating to the project starts to be incurred 3 June 2020 Technical site planning commences 12 June 2020 Expenditures on the project start to be incurred . 18 July 2020 Construction work commences According to IAS23 Borrowing costs, from what date can Scanner commence the capitalization of borrowing costs? (1 Point) 15 May 2020 12 June 2020 18 July 2020 O 3 June 2020 17.Statement I - Government grant shall not be recognized on a cash basis. Statement II - Government assistance is an action by the government designed to provide benefit for the general public * (1 Point) True: True True: False O False: False O False: True 18. Statement 1 - Government grants related to assets may be presented either as deferred income or by adding the grant to the related asset to arrive at the carrying value Statement II - To record the government grant as deferred income the account deferred grant income is credited. X (1 Point) True: True True False False: False False: True 20. Which of the following is not a factor in estimating the useful life of an asset? * (1 Point) 1 Asset's wear and tear Expected usage of the asset Obsolescence Estimated selling price at the end of the useful life

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