Which of the following statements is NOT correct in relation to disclosure of property, plant & equipment balances?
A) Paragraph 79 of IAS 16 contains disclosure that are encouraged, but not required in relation to property, plant & equipment.
B) An entity must disclose the useful life estimates for each class of assets.
C) A summary of movements in the revaluation surplus is required to be disclosed.
D) Information on assets carried at revalued amounts must be disclosed on an individual asset basis.
Correct Answer:
Verified
Q2: A change in accounting policy from the
Q2: When an asset is sold the resulting
Q5: Replicator Limited acquired an item of Plant
Q6: Revaluations under IAS 16 Property, Plant and
Q6: Property,plant and equipment are assets that:
A)are expected
Q9: A non-current Property, plant and equipment asset
Q10: Costs that may be included in the
Q11: Under the cost model,after initial recognition of
Q12: Use the following information to answer questions
Q18: Property,plant and equipment includes items that are:
A)intangible
B)held
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents