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Which of the following statements about tangible non-current assets are correct? (1) All tangible non-current assets must be depreciated in accordance with IAS 16 Property, plant and equipment. (2) Tangible non-current assets are those intended for use by a business for continuing use. (3) Tangible non-current assets must be valued at the lower of cost and realisable value. (4) Costs incurred in enhancing the value of a tangible non-current asset can be capitalised. A 1 and 2 B 1 and 4 C 2 and 4 D 3 and 4 |