IIA Exam IIA-CIA-Part3 Topic 2 Question 34 Discussion

Actual exam question for IIA's IIA-CIA-Part3 exam

Question #: 34
Topic #: 2

Which of me following statements is true regarding the reporting of tangible and intangible assets?

AFor plant assets cost includes the purchase price and the cost of design and construction

BFor intangible assets cost includes the purchase price and development costs

CDue to their indefinite nature intangible assets are not subject to amortization

DThe organization must expense any cost incurred in developing a plant asset

Show Suggested Answer

Suggested Answer: C

by Jani at May 07, 2022, 01:44 AM

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