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IAS 16, IFRIC 1 (DEPRECIATION (Non-depreciable A's (recovered via sale…
IAS 16, IFRIC 1
DEPRECIATION
Land has costs of dismantling, restoration etc. --> only dep that
If residual val > CA, no dep
Dep --> P/L, inless part of A's CA
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RECOGNITION
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[2] Initial Costs
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[3] Subsequent Costs
Regular Replacements -cap NEW, derecog OLD .13
Major Inspections = cap NEW, derec OLD .14
day-to-day costs = expensed, P/L
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SUB MEASUREMENT
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[2] Reval Model
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one item reval, reval entire class
CA increases: Rec in OCI, but reverse anything in P/L first
CA decreases: Rec in P/L, reverse anything in OCI first
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IFRIC 1: Changes is decomm,restoration costs
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INI MEASUREMENT
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[2] Cost measurement
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pmt deferred, PV and interest of IAS 23
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