AASB 116 paragraph 73 states that financial statements shall disclose,for each class of property,plant and equipment the measurement bases used for determining the net carrying amount.
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Q5: A non-current asset that is subjected to
Q6: The expenditure to modify an asset so
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
Q11: If the receipt of the sale proceeds
Q12: Depreciation expense is always recognised in profit
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
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