The IASB (IAS 16)defines fixed or tangible assets as assets held by an entity for which purpose(s)?
A) Use in the production or supply of goods or services
B) Administrative purposes
C) Rental to others
D) All of these

Question

Quizplus · Accepted Answer

IAS 16 defines fixed or tangible assets as assets held for use in the production or supply of goods or services, for rental to others, or for administrative purposes.

The IASB (IAS 16)defines Fixed or Tangible Assets as Assets