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:

Question

Quizplus · Accepted Answer

The cost of property, plant and equipment is recognised as an asset only if it is probable that future economic benefits will flow to the entity, and the cost can be reliably measured. The other options are not relevant in determining whether the cost of property, plant and equipment should be recognised as an asset.

The Cost of Property, Plant and Equipment Is Only Recognised