Zusammenfassung der Ressource
IAS 16 - Property, Plant & Equipment
- Definition:
- Asset held for continued use in the
business for a period of more than 12
months
- Treatment
- Initially Recorded at cost
- Purchase price + Directly attributable costs +
estimate to dismantle if contractually obligated
- Subsequent expenditure
- If improves economic benefit
- Capitalise
- If repairs
- Revenue expense
- Depreciation
- DO NOT DEPRECIATE LAND
- Reduce NCA on SOFP and
P+L as expense
- Changes in Depreciation Method, UEL or residual value
- Treated as an accounting adjustment (IAS8)
- Only change current years f/s
- Methods: Straight line or reducing balance
- Tech. has most benefit in early years
ti would use reducing balance
- Reviewed Regularly
- Revaluations
- Choice
- Must continue regularly revaluing if start
- Must revalue all assets in same class of asset
- Disposal of Revalued asset
- Balance in revaluation reserve transferred to retained earnings, gain measued as difference between carrying value and proceeds
- Balance in SOCIE
- Disclosure
- Revalued amount
- Basis of revaluation
- Date of revaluation
- Whether it was done by a professional revaluer
- Treatment
- Dr Asset in SOFP
Cr Revaluation
Reserve in equity statement on SOFP
- IFRS 13 Revalue to fair value