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PROPERTY, PLANT AND EQUIPMENT

Measurement after recognition - IAS 16.29–66

• An entity shall choose, after the initial recognition

of a PPE item, either

• the cost model or

• the revaluation model

• as its accounting policy and shall apply that policy

to an entire class of property, plant and equipment.

• Cost model

• After recognition as an asset, a PPE item shall be carried

at its cost less any accumulated depreciation and any

accumulated impairment losses.

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