Where possible when allocating the costs carried forward to individual components of a property development the following method should be used:

Question

Quizplus · Accepted Answer

The specific identification method is the best choice when allocating costs carried forward to individual components of a property development because it involves identifying each component and allocating costs to them accordingly. This method ensures that costs are allocated accurately and is most appropriate when there are significant differences in the costs of different components. The area method and value method are not as precise and may not accurately reflect the costs associated with each component.

Where Possible When Allocating the Costs Carried Forward to Individual