Property, plant and equipment: Difference between revisions
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imported>Doug Williamson (Add link.) |
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/) |
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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. | ||
Property, plant and equipment includes bearer plants related to agricultural activity. | |||
== See also == | == See also == | ||
* [[Bearer plants]] | |||
* [[Capital expenditure]] | * [[Capital expenditure]] | ||
* [[Capitalisation]] | * [[Capitalisation]] | ||
Revision as of 13:01, 26 March 2020
Financial reporting - IAS 16.
(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.
Property, plant and equipment includes bearer plants related to agricultural activity.
