Under IFRS Standards, many purchased intangible assets are recognised assets, while the cost to develop an identical asset internally must be charged to expense.
A. True
B. False
Under IFRS Standards, a 'bearer plant' such as grapevines in a vineyard are measured at fair value at each reporting date, with changes in fair value recognised in profit or loss. (This question refers to the vines, not the grapes.)
A. True
B. False
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