Property, plant and equipment
From ACT Wiki
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.
See also
- Balance sheet
- Capital expenditure
- Capitalisation
- Capitalise
- Current assets
- Depreciation
- Financial reporting
- Fixed assets
- FRS 102
- IAS 16 (Tangible assets - Property, plant and equipment)
- IAS 38 (Intangible assets)
- Impairment
- Intangible assets
- International Financial Reporting Standards (IFRS)
- Non-current
- Plant
- PPE
- Tangible asset
- Useful economic life
