1- AASB 116 requires disclosure of a reconciliation of the carrying amount at the beginning and end of the period for depreciable assets. This reconciliation includes: - additions - acquisitions through business combinations - depreciation - All of the given answers are correct. 2-an asset can be considered as identifiable: - if it is either separable or arises from contractual or other legal rights - if it is either acquired or is internally generated - if it is carried at cost - if it has an active market