The Conceptual Framework discusses essential and non-essential characteristics of an asset. Consider which characteristics of an asset
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The Conceptual Framework discusses ‘essential’ and ‘non-essential’ characteristics of an asset. Consider which characteristics of an asset are ‘essential’, explaining why you regard other characteristics as being non-essential. How would these characteristics change as a result of the proposed asset definition put forward by the IASB and the FASB?
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Related Book For 
Accounting
ISBN: 978-1118608227
9th edition
Authors: Lew Edwards, John Medlin, Keryn Chalmers, Andreas Hellmann, Claire Beattie, Jodie Maxfield, John Hoggett
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