How do we write off accumulated depreciation while taking into account BCVR?
DR Acc. Depreciation, CR ASSET, CR DTL, CR BCVR
DR Acc. Depreciation, DR ASSET, CR DTL, CR BCVR
DR ASSET , DR DTL, CR Acc. Depreciation, CR BCVR
DR Acc. Depreciation, CR ASSET, CR BCVR
Which of the following is true about the uses of BCVR?
To compare cost of acquisition with the fair value of identifiable net assets
To deduct goodwill as an identifiable asset
To Increase or decrease subsidiary's recorded assets and liabilities book values to FV
To transfer between preacquisition retained earnings and other reserves
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