Examples of costs listed in AASB 116 that would not be considered to represent directly attributable costs include:

Question

Quizplus · Accepted Answer

AASB 116 specifies that costs of introducing a new product or service, administration and other general overhead costs, and costs of relocating or reorganising part or all of an entity's operations are examples of expenditures that do not qualify as directly attributable costs for the purpose of capitalizing an asset. These costs are not directly linked to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Examples of Costs Listed in AASB 116 That Would Not