IFRS requires significant components of a building to be depreciated separately.

Name: IFRS requires significant components of a building to be depreciated separately.
Brand: Quizplus
Rating: 4.9 (46 reviews)

Question

Quizplus · Accepted Answer

IFRS requires significant components of a building (such as roofs, electrical systems, and elevators) to be depreciated separately if they have different useful lives or patterns of consumption than the rest of the building. This is known as componentization.

IFRS Requires Significant Components of a Building to Be Depreciated