Under AASB 102 Inventories, Items of Inventory That Are Used

Multiple Choice

Under AASB 102 Inventories, items of inventory that are used by business enterprise as components in a self-constructed property asset are required to be:

A) aggregated into the 'cost of goods sold' expense in the period in which the items are used;
B) expensed directly into equity in the period in which the items are used;
C) capitalised and depreciated;
D) added to a 'property construction' provision account.