Examlex
Match each ion with the MOST appropriate characteristic.
-A- ___
Asset Cost
The total amount incurred to acquire an asset, including purchase price and all expenditures necessary to bring the asset to its intended use.
IFRS
International Financial Reporting Standards, a set of accounting standards developed by the International Accounting Standards Board (IASB) that is used globally to prepare public company financial statements.
ASPE
ASPE stands for Accounting Standards for Private Enterprises, a set of accounting practices and standards for private companies in Canada.
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