An entity incurred N$100 000 as the cost of day-to-day servicing of an item of p...
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An entity incurred N$100 000 as the cost of day-to-day servicing of an item of plant during 20X1. Amounts exceeding N$50 000 are considered to be material.
Due to the materiality of the amount, the N$100 000 must be capitalised.(Indicate whether the above statement is true or false)
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