IFRS identifies a number of criteria to determine whether an asset can be classified as current.Satisfying any one of these criteria is sufficient.For the following list of criteria,identify whether each one is relevant for the classification of an asset as current instead of non-current.
Definitions:
Abusive Relationships
Interpersonal connections characterized by physical, emotional, or psychological harm from one individual towards another.
Alarm Reaction
The initial phase in the stress response where the body prepares to fight or flee, characterized by the release of stress hormones.
Energy Depleted
A state of exhaustion where an individual or system lacks the necessary vitality or power to continue functioning effectively.
Procedural Justice
The fairness and transparency of the processes used to make decisions, particularly in terms of how decisions are made and communicated.
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