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  3. Study Set
    Australian Financial Accounting
  4. Exam
    Exam 6: Revaluations and Impairment Testing of Non-Current Assets
  5. Question
    A Sale of Property Plant and Equipment Requires the Derecognition
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A Sale of Property Plant and Equipment Requires the Derecognition

Question 60

Question 60

True/False

A sale of property plant and equipment requires the derecognition of the carrying amount of the asset and any cost of replacement part capitalised.

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