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Author Question: Which of the following methods of capital asset valuation is not considered an acceptable ... (Read 63 times)

drink

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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.


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jesse.fleming

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Reply #1 on: Jul 6, 2018
Answer to Question 1

D

Answer to Question 2

B


drink

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Reply 2 on: Jul 6, 2018
Gracias!

amandalm

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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