Accounting Standards Report Paraphrasing

Hi, I can work for you. Here is a sample for your checking IAS 16 Property, Plant and Equipment describes the accounting working for most kinds of property, plant and equipment. Property, plant and equipment are basically identified at its cost, then calculated either utilizing a cost or revaluation method and depreciated to make sure that its depreciable value is divided on a regular origin over its valuable existence.

The rules for treatment of long term tangible asses such as Plant, Property, and Equipment are governed by the IAS 16. These long term tangible assets are recorded at their historic cost. At later stages, either cost or revaluation method is used. Depreciation is used to show remaining vale of these long term assets. The total value of the assets is distributed over the total useful life the asset. The fixed ration of depreciation is subtracted from the value of the assets after each accounting period. I look forward discussing more details with you on the message.

Hi We are a team of freelancer Chartered Accountants and have experience in handling data entry/Accounting/Auditing assignments Rephrased as follows: Property, plant and equipment (PPE) is recognised when the cost of an asset can be reliably measured and it is probable that the entity will obtain future economic benefits from the asset. IAS 16 deals with the accounting treatment for most types of PPE. PPE are initially measured at cost. Classes of PPE are carried at historical cost less accumulated depreciation and any accumulated impairment losses (the cost model), or at a revalued amount less any accumulated depreciation and subsequent accumulated impairment losses (the revaluation model). The depreciable amount of PPE (being the gross carrying value less the estimated residual value) is depreciated on a systematic basis over its useful life.

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