Page 8 - 2018 Finac1 Test 3 Class Slides - 1. Property, Plant And Equipment

TEST 3 PREPARATION

Outcomes

• Depreciation, including the selection of the

depreciation method and the revision of depreciation

methods, residual values and useful life.

• Impairment losses and accounting for the

consideration received in respect of impairment

losses as well as the expensing thereof.

• The derecognition (or not) of property, plant and

equipment as a result of the disposal and withdrawal

and the accounting thereof.

• The disclosure of property, plant and equipment in

the financial statements.

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