AASB 116 requires the capitalisation of inspection costs associated with an asset when:

Name: AASB 116 requires the capitalisation of inspection costs associated with an asset when:
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AASB 116 requires that inspection costs associated with an asset must be capitalized if all of the conditions are met, including future economic benefits associated with the inspection will flow to the entity, it is probable that benefits will flow to the entity, and the economic benefits can be measured reliably.

AASB 116 Requires the Capitalisation of Inspection Costs Associated with an Asset