According to AASB 116 Property, Plant and Equipment, the cost of property, plant and equipment is only recognised as an asset if it is probable that the future economic benefits will flow to the entity and if:
A) the cost can be reliably measured.
B) it is a physical asset.
C) the asset has been received by the purchaser.
D) the asset is held for rental.
Correct Answer:
Verified
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