IAS I6 Property, Plant and Equipment
http://hi2sales.com Property, plant and equipment are tangible items that a: are held for use in the production or supply of goods or services, for rental to others, or for administrative purposes and b: are expected to be used during more than one period. The cost of an item of property, plant and equipment shall be recognised as an asset if, and only if: a: it is probable that future economic benefits associated with the item will flow to the entity; and b: the cost of the item can be measured reliably. Measurement at recognition: An item of property, plant and equipment that qualifies for recognition as an asset shall be measured at its cost. The cost of an item of property, plant and equipment is the cash price equivalent at the recognition date. If payment is deferred beyond normal credit terms, the difference between the cash price equivalent and the total payment i...
Its a great pleasure reading your post.Its full of information I am looking for and I love to post a comment that "The content of your post is awesome" Great work.
ReplyDeletesmm provider