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    Business
  3. Study Set
    Australian Financial Accounting
  4. Exam
    Exam 6: Revaluations and Impairment Testing of Non-Current Assets
  5. Question
    Entities That Elect to Report Plant and Equipment at Cost
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Entities That Elect to Report Plant and Equipment at Cost

Question 38

Question 38

True/False

Entities that elect to report plant and equipment at cost less accumulated depreciation are required to disclose a valuation of plant and equipment every 3 years in a note to the accounts.

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