Are you scouring the internet for 'case study ias 16'? Here you can find questions and answers on the topic.
Table of contents
- Case study ias 16 in 2021
- Ias 16 assets under construction
- Ias 16 practical examples pdf
- Ias 16 revaluation example
- Ias 16 questions and answers
- Ias 16 pdf
- Property, plant and equipment problems and solutions pdf
- Ias 16 problems and solutions pdf
Case study ias 16 in 2021
Ias 16 assets under construction
Ias 16 practical examples pdf
Ias 16 revaluation example
Ias 16 questions and answers
Ias 16 pdf
Property, plant and equipment problems and solutions pdf
Ias 16 problems and solutions pdf
How are property revaluations performed in IAS 16?
As a consequence, IAS 16 is not prescriptive in requiring such things as non-specialised properties to be valued at existing use value (EUV), at depreciated replacement cost and properties surplus to requirements to be valued at open market value. Disclosure should be made whether the revaluation was performed by an independent valuer or not.
What does IAS 16 mean for property plant and equipment?
IAS 16 Property, Plant and Equipment requires impairment testing and, if necessary, recognition for property, plant, and equipment. An item of property, plant, or equipment shall not be carried at more than recoverable amount. Recoverable amount is the higher of an asset's fair value less costs to sell and its value in use.
What is the unit of measure for recognition in IAS 16?
IAS 16 does not prescribe the unit of measure for recognition – what constitutes an item of property, plant, and equipment.
Why does IAS 16 not use value to business model?
IAS 16 does not use the value to the business model. As a consequence, IAS 16 is not prescriptive in requiring such things as non-specialised properties to be valued at existing use value (EUV), at depreciated replacement cost and properties surplus to requirements to be valued at open market value.
Last Update: Oct 2021
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