Which of the Following Is NOT Included in the IAS16

question 93

Multiple Choice

Which of the following is NOT included in the IAS16 definition of property, plant, and equipment (PPE) ?

• A) PPE will be used over more than one accounting period.
• B) PPE is held for use in the production of goods and services.
• C) PPE can be tangible or intangible.
• D) PPE is tangible.

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Definitions:

Watchdog

An individual or group that acts as a protector or guardian against illegal, unethical, or unfair practices, especially in public affairs.

Freedom Of The Press

The right to circulate opinions in print without censorship by the government, protected under the First Amendment of the U.S. Constitution.

First Amendment

An integral part of the U.S. Constitution's Bill of Rights that protects freedoms concerning religion, expression, assembly, and the right to petition the government.

Constitution

The Constitution is the supreme law of the United States, outlining the national framework of government, its powers, and the rights of citizens.