Which of the following items should be included in the cost of property, plant, and equipment under IAS 16?
A) All costs directly attributable to getting the asset to the proper location
B) Import duties and taxes
C) Estimated costs of removing the asset
D) All of these should be considered part of the cost of the asset.

Question

Quizplus · Accepted Answer

According to IAS 16, the cost of property, plant, and equipment includes all costs directly attributable to getting the asset to the proper location, import duties and taxes, and estimated costs of removing the asset. Therefore, all of these should be considered part of the cost of the asset.

Which of the Following Items Should Be Included in the Cost