Property, plant and equipment: Difference between revisions
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imported>Doug Williamson (Expand definition to incorporate bearer plants. Source: IFRS webpage https://www.ifrs.org/issued-standards/list-of-standards/ias-16-property-plant-and-equipment/) |
imported>Doug Williamson m (Amend header.) |
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''Financial reporting - | ''Financial reporting - balance sheet - assets''. | ||
(PPE). | (PPE). | ||
IAS 16 defines property, plant and equipment as: | IAS 16 defines property, plant and equipment as: | ||
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*Held for use in the production or supply of goods or services, for rental to others, or for administrative purposes; and | *Held for use in the production or supply of goods or services, for rental to others, or for administrative purposes; and | ||
*Expected to be used during more than one financial reporting period. | *Expected to be used during more than one financial reporting period. | ||
== See also == | == See also == | ||
* [[ | * [[Balance sheet]] | ||
* [[Capital expenditure]] | * [[Capital expenditure]] | ||
* [[Capitalisation]] | * [[Capitalisation]] | ||
| Line 25: | Line 23: | ||
* [[Plant]] | * [[Plant]] | ||
* [[PPE]] | * [[PPE]] | ||
* [[Tangible asset]] | |||
* [[Useful economic life]] | * [[Useful economic life]] | ||
[[Category:Accounting,_tax_and_regulation]] | [[Category:Accounting,_tax_and_regulation]] | ||
[[Category:The_business_context]] | [[Category:The_business_context]] | ||
Latest revision as of 10:52, 29 October 2020
Financial reporting - balance sheet - assets.
(PPE).
IAS 16 defines property, plant and equipment as:
- Tangible items
- Held for use in the production or supply of goods or services, for rental to others, or for administrative purposes; and
- Expected to be used during more than one financial reporting period.
