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Which the definition of the asset is based on

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Reference no: EM132759464

Problem 1: Asset is a present economic resource controlled by an entity as a result of past events. the definition of the asset is based on

a. KKPK 2019

b. KKPK 2016

c. KKPK 2018

d. KKPK 2020

Problem 2: Valuation of assets based on the latest KKPK can use historical values and current values. Current value can use

a. current cost

b. fair value

c. value in use

d. all answers are correct

Reference no: EM132759464

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