Costs of testing whether an asset is functioning property should be capitalised into the initial cost of the asset under AASB 116 Property, Plant and Equipment.

Name: Costs of testing whether an asset is functioning property should be capitalised into the initial cost of the asset under AASB 116 Property, Plant and Equipment.
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According to AASB 116, costs of testing whether an asset is functioning properly should be capitalized into the initial cost of the asset.

Costs of Testing Whether an Asset Is Functioning Property Should