Which of the Following Statements Is Correct

question 71

Multiple Choice

Which of the following statements is correct?

• A) ASPE considers investment, mining, and oil and gas properties to be part of property, plant, and equipment; IFRS has different standards for each of these.
• B) IFRS considers investment, mining, and oil and gas properties to be part of property, plant, and equipment; ASPE has different standards for each of these.
• C) Both ASPE and IFRS consider investment, mining, and oil and gas properties to be part of property, plant, and equipment.
• D) Both ASPE and IFRS have different standards for investment, mining, and oil and gas properties; they do not consider them to be part of property, plant, and equipment.