The cost of an item of property, plant and equipment is recognised as an asset if, and only if:Your answerAthe entity has legal title to it and has paid for it in full.Bits cost exceeds the capitalisation threshold set by internal policy and its useful life exceeds five years.Cit is probable that future economic benefits associated with the item will flow to the entity, regardless of whether its cost can be measured reliably.Dit is probable that future economic benefits associated with the item will flow to the entity and its cost can be measured reliably.Submit