Which Question Must Be Considered at the Initial Recognition of Property

question 101

Multiple Choice

Which question must be considered at the initial recognition of property, plant and equipment?

• A)How the costs that have been capitalized should be categorized or classified in the balance sheet?
• B)Whether the historical cost or fair value model should be used?
• C)Whether the straight-line or double-declining balance method should be used?
• D)How the property, plant and equipment should be tested for impairment?

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