lOMoARcPSD|42292568
Disclose PPE: Measurement to PPE: Tangible assets which are
Gross CA, Dep Method used, prod of goods/services, rental,
useful lives, CA + Acc Dep @ purposes + used for more th
beg & end, reconciliation period
showing: additions, disposals,
incr/decr from reval, imp loss,
Asset Definition: Present
depreciation, net exchange diff,
CA of PPE derecognised on a) disposal or b) ER, Control entity, past
others [IAS 16.73]
when no future EBs are expected from its use event, EBs to floe
[IAS 16.67]
DISCLOSURE IS IT PPE?
The gain or loss from derecog included in
P/L[IAS16.68]
Gain/Loss = CA - Proceeds [IAS 16.71] DERECOGNITION
Refer to IAS 36 Impairment of Assets
Summary: IAS 16
Recoverable Amount: Higher of Value in Use
and Fair Value - Costs to Sell
IMPAIRMENT
Property
CA > RA = Impair Asset plant & equip
SA allocated over systematic basis over its useful life
[IAS..50]
DA = COST - RESIDUAL VALUE [IAS 16.53] DEPRECIATION
METHOD: Method shall reflect pattern to whcih EBs are
expected to be consumed [IAS 16.60] STRAIGHT LINE, SUBSEQUENT
DIMINISHING BAL, UNITS OF PRODUCTION [IAS 16.62]
MEASUREMENT
Disclose PPE: Measurement to PPE: Tangible assets which are
Gross CA, Dep Method used, prod of goods/services, rental,
useful lives, CA + Acc Dep @ purposes + used for more th
beg & end, reconciliation period
showing: additions, disposals,
incr/decr from reval, imp loss,
Asset Definition: Present
depreciation, net exchange diff,
CA of PPE derecognised on a) disposal or b) ER, Control entity, past
others [IAS 16.73]
when no future EBs are expected from its use event, EBs to floe
[IAS 16.67]
DISCLOSURE IS IT PPE?
The gain or loss from derecog included in
P/L[IAS16.68]
Gain/Loss = CA - Proceeds [IAS 16.71] DERECOGNITION
Refer to IAS 36 Impairment of Assets
Summary: IAS 16
Recoverable Amount: Higher of Value in Use
and Fair Value - Costs to Sell
IMPAIRMENT
Property
CA > RA = Impair Asset plant & equip
SA allocated over systematic basis over its useful life
[IAS..50]
DA = COST - RESIDUAL VALUE [IAS 16.53] DEPRECIATION
METHOD: Method shall reflect pattern to whcih EBs are
expected to be consumed [IAS 16.60] STRAIGHT LINE, SUBSEQUENT
DIMINISHING BAL, UNITS OF PRODUCTION [IAS 16.62]
MEASUREMENT
