Page 27 - Finac1 Test 3 slides - 1. Property, Plant and Equipment
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TEST 3 PREPARATION
Measurement at recognition – Measurement of cost IAS 16.23-28
Deferred pmt (IAS16.23)
•Beyond normal terms
Exchange (IAS16.24-26)
•Fair value of asset given up used to
measure cost of asset received
•Commercial substance: Will future cash
flows change?
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