In the context of IAS 16 property, plant and equipment, Explain when the cost of an item of property ,plant and equipment should be recognized...

      

In the context of IAS 16 property, plant and equipment, Explain when the cost of an item of property ,plant and equipment should be recognized as an asset

  

Answers


Wilfred
if, and only if:
1. It is probable that the future economic benefits associated with the item will flow to entity.
2. The cost of the item can be measured reliably
Wilfykil answered the question on February 8, 2019 at 06:18


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