What are the somekey criteria for an item, property, plant or

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What are the somekey criteria for an item, property, plant or equipment to be recognized as an asset?this question is part of international accounting standards

John Adney · Accepted Answer

When it is probable that economic benefits will flow to the entity from the asset and it can be reliably measured

John Smith · Answer

1. When it can be reliably measured2. When it is probable that economic benefits will flow to the entity from the asset

What are the somekey criteria for an item, property, plant or equipment to be recognized as an asset?

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