The Cost of Property, Plant and Equipment Is Only Recognised

question 22

Multiple Choice

The cost of property, plant and equipment is only recognised as an asset if it is probable that the future economic benefits will flow to the entity and:

• A) the asset has been fully paid for in cash.
• B) the asset has been sent to the buyer.
• C) it is a physical asset.
• D) the cost can be reliably measured.

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