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:

One Page

Typically referring to documents, especially resumes or brief reports, that are concise enough to fit on a single page with the aim of clear and immediate communication.

Two Pages

Typically refers to a document or written material consisting of two sides of a sheet of paper.

Negative External Effects

Negative impacts of an economic activity on third parties who are not directly involved in the transaction.

Efficient Outcome

A situation where resources are allocated in the most effective manner, maximizing benefits and minimizing waste.