@ Face Value

Cash basis @ Discounted Price

On Account @ Cash Price or @ Present Value
Net Purchase Price On Installment
Directly Attributable Costs Issuance of shares
@ Fair Market Value Depreciation Expense xx
Estimated Decommissioning Costs Issuance of bonds
Through Exchange of the asset on the Accumulated Depreciation xx
measurement of
includes From donation date of acquisition
COST MODEL cost as to the
As a government grant Entry
mode of acquisition
Through construction
Cost @ Construction Cost
@ Cost Uniform
Less: Accumulated Depreciation (Materials+Labor+Overheads)
Initial charging
Less: Accumulated Impairment Losses How?
Carrying Amount Systematic (What manner) Methods
Subsequent allocation of cost
What? Variable
Depreciable cost charging
How much? How much?
REVALUATION MODEL (MEASUREMENT) Cost less salvage value
How long?
Depreciation
Fair Market Value (on revaluation date)
PROPERTY,
Less: Subsequent Accumulated Depreciation Estimated Period
Impairment PLANT and
Less: Subsequent Accumulated Impairment Losses Useful (Time)
EQUIPMENT Life of the
Revalued Amount
(IAS 16) Asset
Carrying amount Output
Derecognition (Capacity)
If carrying amount is write “Impairment
down loss”
through disposal
or retirement
Recoverable amount (No future
Increased What? Gain or loss = Proceeds less Carrying amount
Decreased economic benefits)
(RECOGNITION)
Higher between production
use in the supply of goods or services
Credit to If reversal Debit to If reversal
Tangible assets rentals (except Land and Building)
equity of previous expense of previous Fair value less
“Revaluation impairment Held for administrative purposes
“Revaluation surplus cost to sell
Reserve” For more than one period (Non-current)
loss” Value in use
(Present value of future
Credit to income Debit to equity net cash flows from the use of PPE)
“Revaluation gain” “Revaluation Reserve”
to the extent of previous loss
the asset is disposed of or otherwise derecognized Full
will be transferred to retained earnings when
the asset is continuously used Piecemeal