IAS 16

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International Accounting Standard 16, dealing with property, plant and equipment (PPE).

Issued by the International Accounting Standards Board.

IAS 16 requires an entity to recognise an item of property, plant or equipment as an asset if, and only if:

  • It is probable that the future economic benefits that are attributable to the asset will flow to the entity; and
  • The cost of the asset can be measured reliably.

See also

Other resources