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accounting for property, plant and equipment are the recognition of the assets, the determination of their carrying amounts and the depreciation charges and impairment losses to be recognised in relation to them.
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IAS 16, ‘Property, plant and equipment’ includes guidance on how to account for property carried at cost. IAS 16 applies to property (that is, buildings) held for use in the production or supply of goods or
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Part 3: Summary and detailed examples. This is the final article in the series of three which consider the accounting for property, plant and equipment by applying IAS ® 16, Property, Plant and Equipment.
Property, Plant & Equipment (PP&E) are tangible fixed assets held for use in the production or supply of goods or services, for rental to others, or for administrative purposes, and are expected to be utilised during more than one accounting period.
This is the first of three articles which consider the main features of IAS ® 16, Property, Plant and Equipment. This standard deals with the four main aspects of financial reporting of property, plant and equipment (PPE) that are likely to be of major relevance in the FR exam, namely:
The objective of IAS 16 is to prescribe the accounting treatment for property, plant, and equipment. The principal issues are the recognition of assets, the determination of their carrying amounts, and the depreciation charges and impairment losses to be recognised in relation to them.
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Apr 1, 2009 · Property plant and equipment (PPE) are tangible assets that an entity holds for its own use or for rental to others, and that the entity expects to use during more than one period. PPE could be constructed by the reporting entity or purchased from other entities.
