Author Question: Which of the following methods of capital asset valuation is not considered an acceptable ... (Read 57 times)

drink · **on:** Jul 6, 2018

Which of the following methods of capital asset valuation is not considered an acceptable alternative under generally accepted accounting principles for a donated capital asset?

A. Original cost
B. Estimate cost
C. Fair market value
D. Book value to donor.

Question 2

A city's annual required contribution for the OPEB plan offered to their General Fund employees is 14,000 . The city does not choose to make the annual required contribution but instead will continue to pay postretirement benefits as they come due.

The current year's benefit payments total 2,500 . The General Fund would recognize an expenditure of
A. 0.
B. 2,500.
C. 14,000.
D. 16,500.