Under AASB 116 Property, Plant and Equipment, which method is NOT allowed

Under AASB 116 Property, Plant and Equipment, which method is NOT allowed

Under AASB 116 Property, Plant and Equipment, which method is NOT allowed for subsequent measurement?

A. Cost method

B. Revaluation method

C. Fair value through profit or loss method

D. All above are allowed

Answer: C

Explanation: AASB 116 only permits cost model and revaluation model for PPE subsequent measurement. FVTPL is not applicable to PPE.