According to IAS 16/AASB 116, which of the following are factors contributing to the decline in an asset's future economic benefits?
I. Inflation
II. Wear and tear
III. Commercial obsolescence
IV. Technical obsolescence
A) I, III and IV only
B) I, II and IV only
C) II, III and IV only
D) I, II, III and IV
Correct Answer:
Verified
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