Question 21 (1 point)

Three key issues associated with determining depreciation expense are the depreciable base, ___________ and method of cost apportionment.

Question 21 options:

a)	useful life
b)	depreciable amount
c)	salvage value
d)	purchase cost

Question 22 (1 point)

In determining how to allocate the cost of an asset to the periods profit or loss, three key issues must be addressed. Which of the following is not one of these issues?

Question 22 options:

a)	What is the assets useful life?
b)	Who is the owner of the asset?
c)	What depreciable base should be used for the asset?
d)	What method of cost apportionment is most appropriate for the asset?

Question 23 (1 point)

A transaction undertaken between separate legal entities within an economic entity is called an:

Question 23 options:

a)	intergroup transaction
b)	intragroup transaction.
c)	international transaction.
d)	None of the given answers are correct.