Page 135 - 5.1 (b) i. Finac1 ITC Summarised Notes
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ITC EXAM PREP




                                        Definitions (IAS16.6)











                                                                                                   SAFETY &
                Regular MAJOR
                inspections (IAS                                                                   ENVIROMENTAL
                                                                                                   COST (IAS 16.11)
                16.14)





                                                           RECOGNITION









                 SIGNIFICANT                                                                      SPARE PARTS &
                 COMPONENTS                                                                       SERVICING

                 (IAS 16.13 &70)                                                                  EQUIPMENT (IAS
                                                             Meet PPE                             16.8)

                                                             definition?
                                                             Otherwise

                                                             Inventory



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