Depreciation expense is always recognised in profit and loss.
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Q7: AASB 116 allows capitalisation of items of
Q8: Land that has a definite useful life
Q9: Under the declining balance method of depreciation,the
Q10: AASB 116 paragraph 73 states that financial
Q11: If the receipt of the sale proceeds
Q13: Depreciation represents a decline in the market
Q14: The useful life of the asset reflects
Q15: Amortisation has the same meaning as depreciation,but
Q16: Where a non-current asset appreciates in value
Q17: The depreciable base is the cost of
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