Disclosures relating to PP&E assets are
A) identical under IFRS and ASPE.
B) less extensive under IFRS.
C) less extensive under ASPE.
D) more extensive under ASPE.

Question

Quizplus · Accepted Answer

Under ASPE (Accounting Standards for Private Enterprises in Canada), disclosures relating to Property, Plant, and Equipment (PP&E) assets are generally less extensive compared to IFRS (International Financial Reporting Standards), which often requires more detailed disclosures.

Disclosures Relating to PP&E Assets Are