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Basic Question 1 of 3

According to IFRS, which of the following pieces of information about property, plant, and equipment must be disclosed in a company's financial statements and footnotes?

I. The depreciation method
II. The useful lives or, equivalently, the depreciation rate
III. The measurement bases
IV. The gross carrying amount and the accumulated depreciation at the beginning of the period
V. The gross carrying amount and the accumulated depreciation at the end of the period

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Craig Baugh

Craig Baugh

Learning Outcome Statements

describe the financial statement presentation of and disclosures relating to property, plant, and equipment and intangible assets;

analyze and interpret financial statement disclosures regarding property, plant, and equipment and intangible assets;

CFA® 2024 Level I Curriculum, Volume 3, Module 23.