1.13 An investment in an associate is normally accounted for using the equity method. This method requires that the investment in the associate is_______. (1)
A. initially recognised at cost and not adjusted thereafter
B. initially recognised at cost and then adjusted in each subsequent accounting period to reflect the investor's share of the associate's profit or loss for the period
C. recognised at fair value
D. initially recognised at cost and then adjusted to fair value in subsequent accounting periods