Page 138 - 5.1 (b) i. Finac1 ITC Summarised Notes
P. 138
ITC EXAM PREP
Measurement at recognition – Elements of cost IAS 16.15-22
Elements of cost Read IAS 16.16-18
Self-constructed (IAS16.22)
Not costs of PPE Read IAS 16.19-20
•Exclude internal profits &
abnormal amounts of wasted
material etc
•Borrowing cost (IAS23)
Construction – incidental operation
IAS 16.21
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