AASB 102 Inventories Requires Items of Inventories That Are Used

question 26

Multiple Choice

AASB 102 Inventories requires items of inventories that are used by a business as components in a self-constructed property asset to be:

• A) added to a 'property construction' provision account.
• B) capitalised and depreciated.
• C) expensed directly into equity in the period in which the items are used.
• D) aggregated into 'cost of goods sold' in the period in which the items are used.

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