Match the following lists: Cost does not exceed the benefit Entities already reporting under IFRSs o in the scope of IFRS 1 Straight line method for deprecation Accounting policy Direct write-off method for bad debts Out of the IFRS 1 Scope Covering period less than 12 months Accounting estimate Financial Reporting for internal use only Interim Financial Statements First IFRS financial statements contain high quality information Objectives of IFRS 1 Translation of foreign currency items