Question: 2. A major building was componentized accordingly to its major components Exterior, Roofing, Interior and Services, with each component recorded in the fixed asset register.

2. A major building was componentized accordingly to its major components Exterior, Roofing, Interior and Services, with each component recorded in the fixed asset register. The original plumbing, which is part of the services component is required to be replaced. The original plumbing should be derecognized, and the cost of the new replacement plumbing should be capitalized.

A. True

B. False

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