Which of the following is not recognised as an expense in accordance with IAS 2?
A) Cost of sales;
B) Write-downs of inventories to net realisable value;
C) Reversal of write downs to net realisable value;
D) Inventory items used by an entity as components in self-constructed property, plant or equipment.

Question

Quizplus · Accepted Answer

Inventory items used in self-constructed property, plant, or equipment are capitalized as part of the asset's cost, not recognized as an expense.

Which of the Following Is Not Recognised as an Expense