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Tangible asset (IAS 16 not apply (held for sale (IFRS 5), biological asset…
Tangible asset
IAS 16 not apply
held for sale
IFRS 5
investment property
biological asset
agricultural activity
mineral rights
mineral reserves
exploration
evaluation asset
PPE
use in production/supply
G/S
rental to others
administration purpose
used more than 1 period
measurement
at recognition
costs
purchase price
less trade discount
import duties
non-refundable taxes
directly cost
transport cost
installation cost
any changes in the entity
removing
dismantling
restoring the site
any cost until the moment that
we can creat our first real unit
cost not included
admin or overhead general
advertising
cost of site preperation
after recognition
cost model
Original acquisition cost
-
accumulated depreciation
-
impairment losses
+
1 more item...
depreciation method
Straight-line method
diminishing balance method
units of production method
to reflect the pattern
review
change
Revaluation model
Only IFRS
increase
in carrying amount
carrying amount > FV
recognise in OCI
amortize the surplus in remaining year
decrease the previous revaluation/impairment
decrease
in carrying value
carrying amount < FV
recognize in P/L
Fair value
-
accumulated depreication
-
impairment losses
+/-
1 more item...
impairment
each end go year
whether any indication
consider
external sources
value declined
demand of product decline
internal sources
physical damage
internal reporting
if indication
directly
recoverable amount
<
carrying value
Impairement
recognise
P/L
cost model
revaluation
revaluation model
depreciation adjusted
Recognition
as asset
if
probable that future economic benefits associated with the item will flow to the entity
cost of the item can be measured reliably