In May 2020, the International Accounting Standards Board (IASB) issued the standard of Property, Plant and Equipment - Proceeds before Inte...

IAS 36 regulates the impairment of Non Financial Assets. An asset is impaired when its carrying amount exceeds its recoverable amount. Par...

When an item of Property, Plant and Equipment is REVALUED, any accumulated depreciation at the date of the revaluation is treated in one of...

Businesses sometimes engage in nonmonetary exchange transactions, where tangible or intangible assets are exchanged for other assets, withou...

IAS 16 Property, Plant and Equipment Par. 43 states that each part of an item of property, plant, and equipment with a cost that is signific...

IAS 16 par. 7 states that the cost of an item of Property, Plant and Equipment (PPE) shall be recognized as an asset if, and only if : ...

Essentially the same principles that have been established for recognition of the cost of purchased assets also apply to self-constructed as...

IAS 16 par. 2 to par. 5 described the scope of IAS 16 Property, Plant and Equipment (PPE) This Standard shall be applied in accounting for...

IAS 16 Property, Plant and Equipment paragraph 7 to 14 regulates the recognition of PPE. Recognition Principle (par. 7) - the cost of an...

IAS 16 provides for two acceptable alternative approaches to accounting for long-lived tangible assets. The first of these is the historical...

IAS 16 Property, Plant and Equipment provides for two acceptable alternative approaches to accounting for long-lived tangible assets. Par...