Page 17 - Finac1 Test 3 slides - 1. Property, Plant and Equipment

TEST 3 PREPARATION

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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