Which of the following is not recognised as an expense in accordance with IAS 2?
A) Cost of goods sold
B) Write-downs of inventories to net realisable value
C) Reversal of write downs to net realisable value
D) Inventory items used by an entity as components in self-constructed property, plant or equipment.

Question

Quizplus · Accepted Answer

Inventory items used by an entity as components in self-constructed property, plant or equipment are capitalized as part of the cost of the asset, not recognized as an expense.

Which of the Following Is Not Recognised as an Expense