Which of the following is not recognised as an expense in accordance with AASB 102:
A) Write-downs of inventories to net realisable value
B) Reversal of write downs to net realisable value
C) Cost of goods sold
D) Inventories items used by an entity as components in self-constructed property, plant or equipment

Question

Quizplus · Accepted Answer

Inventories used as components in self-constructed property, plant, or equipment are capitalized as part of the asset's cost, not recognized as an expense.

Which of the Following Is Not Recognised as an Expense