Cost is the amount of cash or cash equivalents paid or the fair value of the other consideration given to acquire an asset at the time of its acquisition or construction or, where applicable, the amount attributed to that asset when initially recognised in accordance with the specific requirements of other Australian Accounting Standards.

Related Pages


The following site members have contributed to this page:

External Links & References

  1. AASB 116
  2. Google Search
Unless otherwise stated, the content of this page is licensed under Creative Commons Attribution-ShareAlike 3.0 License