Please enable JavaScript.
Coggle requires JavaScript to display documents.
MFRS 116 Property, Plant & Equipment, Ghost. - Coggle Diagram
MFRS 116 Property, Plant & Equipment
RECOGNITION
Future economic benefits
Measured reliably
MEASUREMENT
Subsequent
Cost Model
Accumulated Depreciation
-) Accumulated Impairment Loss
COST
Revaluation Model
If CA > FV
DR SOPL
CR PPE
If CA < FC
DR PPE
CR SOPL
Initial
Self-constructed PPE
Construction Cost
+) Cost related to construction
Allocation cost related to asset
Cost of borrowings
-) Internal profits
Inefficient costs
INITIAL COST
Purchase PPE
Purchase Price
-) Trade Discount
+) Directly Attributable Cost
Dismantling Cost
Restoring Cost
INITIAL COST
DEPRECIATION
Straight Line Method
(Cost of PPE - Residual Value) / Useful life
Reducing Balance Method
Carrying Amount x % Depreciation
DEFINITION
Tangible item
Used more than 1 period
Rental to others or admin or maintanence purposes
Held for use in production.
DERECOGNITION
Disposal
No future economic benefit
GAIN/LOSS
Disposal proceeds - Carrying amount
SOCI
not Revenue
Sales of PPE
Ghost.