Register
Which of the following bases for fixed asset valuation was being used by Mexico until 2008? a. Historical cost b. Historical cost later restated in terms of GPP c. Historical replacement cost d. Net realizable
109k views
3 votes
Which of the following bases for fixed asset valuation was being used by Mexico until 2008?

a. Historical cost
b. Historical cost later restated in terms of GPP
c. Historical replacement cost
d. Net realizable value

User Guido Van Rossum
by
5.5k points

1 Answer

3 votes

Answer:

The correct answer is b. Historical cost later restated in terms of GPP .

Step-by-step explanation:

Historical cost of assets is understood as the acquisition cost added with the values that are incorporated during its life. ... At the end of the useful life of the asset, the historical cost must be equal to the accumulated depreciation, so that its difference is equal to zero (0).

User Vladimir Prudnikov
by
5.6k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

5.9m questions

7.8m answers

Other Questions

What are some ways you can save on car insurance?
_____ reminds customers and clients that they made a good choice in selecting a company with which to do business, or it reminds them of the good qualities of their purchase.​
Demonstrate how binomial nomenclature is related to classification systems by identifying the genus name and the specific name of the domestic cat felis catus
The dark printed words on the page of a book are easily read because they are printed on a light ground. this is an example of the principle of ____________.
On august 1 the darius co. purchased a photocopy machine for $8,000. the estimated annual depreciation on the machine is $1,680. if the company prepares annual financial statements on december 31, the
Link Copied!