alleryStart learning →Besides probable benefits, PPE recognition needs a cost that
AIs financed by equity
BExceeds its market price
CIs paid wholly in cash
DCan be measured reliably
Answer & Solution
Correct answer: D. Can be measured reliably
Recognition needs probable future benefits and a cost that can be measured reliably.
Keep practising Property, Plant and Equipment
Browse all Property, Plant and Equipment questions for CA Inter, or explore more Accounting topics.
Related questions
Depletion applies to which type of asset?If book and tax depreciation rates differ for a company, what does this create?Depreciation methods that charge more in early years are described as what?Which method is described as the simplest and most often used depreciation method?Yearly depreciation is debited to expense and credited toNet book value of an asset is the historical cost less what?Machine cost Rs 1,20,000, expected sale Rs 15,000, disposal cost Rs 5,000. Residual value?How is a capital expenditure recorded in the books?