IAS 16

International Accounting Standard 16, dealing with property, plant and equipment (PPE).

Issued by the International Accounting Standards Board.

IAS 16 requires an entity to recognise an item of property, plant or equipment as an asset if, and only if:

• It is probable that the future economic benefits that are attributable to the asset will flow to the entity; and
• The cost of the asset can be measured reliably.

See also

• Amortisation
• Bearer plant
• Capitalisation
• Capitalise
• Depreciation
• Fixed assets
• IAS 37
• IAS 38
• Impairment
• International Financial Reporting Standards (IFRS)
• Other comprehensive income (OCI)
• Property, plant and equipment (PPE)
• Recognition
• Reporting entity
• Revaluation

Other resources

• IAS 16 - IAS Plus
• IAS 16 text - IFRS