Contents
Depreciation of property, plant and equipment- Introduction
- Depreciable amount (base) for assets
- Determination of useful life
- Method of cost apportionment
- Straight-line method
- Sum-of-digits method
- Declining-balance method
- Production basis
- When to start depreciating an asset
- Land and buildings
- Derecognition of assets
- Modifying existing non-current assets
- Disclosure requirements
- Revaluations and impairment testing of non-current assets
- Introduction to revaluations
- Measuring property, plant and equipment at cost or fair value – the choice
- The use of fair values
- Revaluation increments
- Illustration – revaluation increment
- Treatment of balances of accumulated depreciation upon revaluation (cont.)
- Revaluation decrements
- Illustration – revaluation decrement
- Reversal of revaluation decrements and increments
- Example of reversal
- Accounting for profit on disposal of a revalued non-current asset
- Disclosure requirements
- Introduction to impairment losses
- Accounting for impairment losses
Description
N/A
