DESCOGEF (UEMOA OEC-CI) Practice Questions - DESCOGEF - Diplôme D'Études Supérieures De Comptabilité Et De Gestion Financière (Côte D'Ivoire UEMOA) Exam

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Under the revised SYSCOHADA (AUDCIF), what is the required accounting treatment when an industrial machine is acquired for 50,000,000 FCFA (excluding VAT) with an initial delivery and installation fee of 5,000,000 FCFA and staff training expenses of 2,000,000 FCFA?

Capitalize 55,000,000 FCFA as the acquisition cost of the fixed asset (compte 241), and expense the 2,000,000 FCFA training costs in profit and loss (compte 633) Capitalize all 57,000,000 FCFA including staff training into fixed assets Expense all 57,000,000 FCFA in current operating expenses Capitalize only the 50,000,000 FCFA purchase price and expense delivery and training

Correct Answer:

Capitalize 55,000,000 FCFA as the acquisition cost of the fixed asset (compte 241), and expense the 2,000,000 FCFA training costs in profit and loss (compte 633)

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