Costs of removal or dismantling an asset at the end of its useful life are measured on a present value basis and capitalised into the initial cost of the asset.

Name: Costs of removal or dismantling an asset at the end of its useful life are measured on a present value basis and capitalised into the initial cost of the asset.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

This is in accordance with the accounting standard IAS 16 - Property, Plant and Equipment.

Costs of Removal or Dismantling an Asset at the End