Which of the Following Is NOT a Qualifying Asset Under

question 1

Multiple Choice

Which of the following is NOT a qualifying asset under IAS 23?

• A)Construction work-in-progress
• B)Manufacturing plants
• C)Intangible assets
• D)Assets ready for use when acquired

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Definitions:

Non-Strategic Investments

Non-strategic investments are investments made by a company that do not align directly with its core business activities or strategic goals.

Fair Value

The estimated market price of an asset or liability, reflecting the amount for which it could be exchanged in an orderly transaction between knowledgeable, willing parties.

Trading Investment

Investments in financial instruments held for the purpose of selling them in the short term for a profit.

Realized Gain

It refers to the profit made from the sale of an asset or investment, which has been completed and is no longer just a theoretical or paper value.