Which the excess may be attributable to

Reference no: EM132816992

Problem 1: If there is an excess of cost over carrying amount of the net assets of the investee, the excess may be attributable to

A. Depreciable assets

B. Non-depreciable assets

C. Goodwill

D. All of the above

Problem 2: If the excess of cost over the carrying amount of the net assets of the investee is attributable to land

A. It is not amortized but expensed when the land is sold

B. It is amortized and recognized as expense regardless of when sold

C. It is amortized and expensed when revalued.

D. None of the above

Reference no: EM132816992

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