PRC-1 · Chapter 6 · Question 56 of 100
Which of the following is explicitly EXCLUDED from the scope of IAS 16 Property, Plant and Equipment?
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: C) Assets held for sale in the ordinary course of business.
Explanation
Assets held for short-term resale in the ordinary course of business are classified as Inventories under IAS 2, not as PPE under IAS 16.
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