Which of the following accounting treatments is not allowed under PFRS for SMEs?
A. Borrowing costs related to a qualifying asset being expensed
B. Property, plant and equipment accounted for under the revaluation model
C. Goodwill being amortized over a period of 10 years.
D. investment in associates accounted by cost or fair value model
Answer:B
Which of the following accounting treatments is not allowed under PFRS for SMEs?
A. Borrowing costs related to a qualifying asset being expensed B. Property, plant and equipment accounted for under the revaluation model C. Goodwill being amortized over a period of 10 years. D. investment in associates accounted by cost or fair value model