Under IAS 16, which of the following is NOT included in the definition of property, plant, and equipment (PPE)? Select one: a. PPE can be tangible or intangible. b. PPE is held for use in the production of goods and services. c. PPE will be used over more than one accounting period. d. PPE is tangible.

Financial And Managerial Accounting
15th Edition
ISBN:9781337902663
Author:WARREN, Carl S.
Publisher:WARREN, Carl S.
ChapterC: International Financial Reporting Standards (ifrs)
Section: Chapter Questions
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Under IAS 16, which of the following is NOT included in the definition of property, plant, and equipment (PPE)?

Select one:
a. PPE can be tangible or intangible.
b. PPE is held for use in the production of goods and services.
c. PPE will be used over more than one accounting period.
d. PPE is tangible.
 
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