Property

Current market value of the asset at the time of acquisition

Costs directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management (correct)

Costs of regular maintenance after the asset is put into use

Costs related to relocating the asset to a different location after initial installation

Costs incurred for the day-to-day servicing of the asset are capitalized and included in the subsequent measurement

Subsequent measurement is always based on the asset's original cost

Property, plant, and equipment are carried at revalued amounts, being the fair value at the revaluation date less any subsequent accumulated depreciation and impairment losses (correct)

Subsequent measurement is based on the estimated market value of the asset

It is reduced to its recoverable amount, and the reduction is recognized as an impairment loss (correct)

It is increased by the estimated future cash flows from the continued use of the asset

It is adjusted by the original cost of the asset

It remains unchanged until the impairment is confirmed by an external auditor

<p>Land held for future use</p> Signup and view all the answers

<p>Goodwill acquired in a business combination</p> Signup and view all the answers

<p>Software under development for internal use</p> Signup and view all the answers