Difference between revisions of "Property, plant and equipment"

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(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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== See also ==
== See also ==
* [[Bearer plants]]
* [[Bearer plant]]
* [[Capital expenditure]]
* [[Capital expenditure]]
* [[Capitalisation]]
* [[Capitalisation]]

Revision as of 20:36, 26 March 2020

Financial reporting - IAS 16.


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.

See also