The Superseded Version of AASB 1023 Required That Investments That

The superseded version of AASB 1023 required that investments that are integral to the entity's general insurance activities should be:

A) Measured at net market value, with any changes being treated as an adjustment to equity through reserves.
B) Measured at current replacement cost and depreciated so that the expense of the period is matched against premium revenue.
C) Measured at net market value, with any changes treated as a revenue or expense of the period.
D) Measured at the lower of cost and recoverable amount, with any amounts written off treated as an expense of the period.
E) None of the given answers.