Cost model
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Financial reporting - non-current assets - IAS 16 - IAS 38.
Under the cost model non-current assets are carried in the reporting entity's balance sheet at their historic cost, less accumulated depreciation, amortisation and impairment.
Under international financial reporting standards (IFRS), IAS 16 and IAS 38, reporting entities may choose to use either the cost model or the revaluation model.
See also
- Amortisation
- Balance sheet
- Capitalise
- Cost
- Depreciation
- Derecognition
- Development
- Expense
- Financial reporting
- FRS 102
- IAS 16 (Tangible assets - Property, plant and equipment)
- IAS 36
- IAS 38 (Intangible assets)
- Impairment
- Intangible assets
- International Financial Reporting Standards (IFRS)
- Non-current assets
- Recognition
- Reporting entity
- Research & development
- Revaluation
- Revaluation model
- US GAAP
