Explain why the combined cost of acquiring land and building is required to be apportioned to each specific asset and accounted for separately as per AASB 116?
What aspects of this provision is presumed inconsistent with the manager's view under Positive Accounting Theory?

Question

Explain why the combined cost of acquiring land and building is required to be apportioned to each specific asset and accounted for separately as per AASB 116?
 What aspects of this provision is presumed inconsistent with the manager's view under Positive Accounting Theory?

Quizplus · Accepted Answer

The Answer of Explain why the combined cost of acquiring land and building is required to be apportioned to each specific asset and accounted for separately as per AASB 116?
 What aspects of this provision is presumed inconsistent with the manager's view under Positive Accounting Theory?

Explain Why the Combined Cost of Acquiring Land and Building