Professional Documents
Culture Documents
Recognitioncriteria.
of property ttplant
•
n item ,
and equipment should be
recognised as an
asset when :
← it is probable that future economic benefits associated with the asset will
and
flowto the entity ;
• Initialmeasure.me
An item of property plant ,
and equipment should
initially be measured
at its cost :
-
include all costs involved in
bringing the asset into
working
condition
List price xxx
Add
Add
:
:
Transportation
Insurance in
cost
transit
xxx
xxx 1¥ .
Add :
Installation Cost xxx
!ooE§M05①
:
"
'
preparation Site 5 .
5
Add Professional fees
: xxx .
5
Compulsory disposal cost xxx
Add :
Cost of Asset
, 500
* Cash discount received should be treated as other income
ftp.g
* Initial Operating loss because
offender utilization of AssetLdvapoi t al i zed )
↳ means
notgogiogod
your Business
•
Exceptionsofstaff-ra.im#
army pilot training
,
i .
US
UK fees of students KAEW and ACCA
company giving
.
2 .
Eiggtasienuineasgsseifuecgenomic benefit p_ ,
0 2
Increase efficiency / quality of output
.
in
g. Decrease in
Operating cost .
Q Company bought
. " a noncurrent asset
- r n n -
- n - - -
-
for$l oooo
=
Subsequent expenditure in .
the life of ASSET to 6
years
Req PIL and SOFP Extract of
: Year 3 .
→
.
Cost
s.qo.li#EtMAodep=2o0O.1dep--
10,000
.
.
-
}
2000
µ}y.
6
✓
Sub Exp -6000g -
.
.
soft .
1200€
Remaining life =4yn .
R→
-
=RevisedNBV
yr dep
12000 O
per
-
-4--3 Fun .
QI Co bought NCA for $2100.0 at yro
.
a
.
Life 10-yea.rs
-
-
This
Subsequent ftp.enditurqattheendoter?--$2#o.o
.
.
it increased
sat .
Cost 20,000
NBV 5.11
per yr
-
Yr I
Czooo )
Yr 2 (2000 ) depreciation ¥fe
Yr 3 62000 )
=
- e- 35000--0
14000
.
NBV
7µs
.
Exp 2¥
50004
Add sub
:
Tsao .
=
.
Dep Expiry CW .
-
- -
→ Income Staten ( yr 4) .
NBV atend
of yr 4¥
⇐
-
-7 SOFP
of Yr4 .
①3 :
Co .
an Accident of
Life =
5¥ .
. . . .
.
There was this car at
the end of Year 2 .
Repair cost =
4000 . This Accident reduced the total
life
of asset to
4#
Req :P 4L and SOFP Extract for Yr 24 Yr 3 = ?
/
.
Yrzdep (good
-
.
.
- e - -
-
f Dep Exp
pair cost
oooo
I.
.
NBV 240N .
EE .
yrs 2.
/Depem¥
-
Yu Benvdatgyrs #soft .
payeardef.sk#Reriglife
.
.
per year def
I
IAS should
Booking def Exp
→ Ace .
to -
16 we start
;
.
of wtiEe
" "
an Asset
not¥:¥pE
( pastpaper) .
- - - -
-
✓
- - - r
Endicott F
-
: ng
-
I
-
-
. -
- I
x
-
_
-
hors .
-
-
I kiss .
- -
- -
this .
F-
Cost 920am
.
.
Revised NBA 670,00 .
#q
def-Eoyhgfffgzpgepdepi h ookxrsososepxy. 8 50hr. i t
40
27900 otsepxo
g. .
XG .
↳NBVs 551,000
Snbtxpi200,0002 .
670,000 .
patdqg.EE
Lop .
-
-
-
ipso.no
Less Trade dis 201 ( 210,00)
pahourdef.IA-R.tl
- .
÷: 4500ha
life inflows
frei g ht charges 401ha
Add . -
301am .
-
=
.
Add
qzqooo 20100 -
PEL Extract
600ohm 'HE3Efefx6
.
costgasd-2-9.ae $l50/hr
Pahodmq Deftxp
- ooo
pecxiesotsepxa
.
40100
stafftrajlost
.
270,00
Defstxp
.
20,000
. -
Maintain lost .
pllaitaicelostzqooo
Cathead.is.md.o4aqq 1420003
¥ -
.
-
±
t¥*g
. .
Maintaining-2901
-39¥ .
Simpuelhtaert
¥6 too too
.
, ,
ielof
Interest
Compound "
⑥ FF:
T.FI:9#
" no saw
l 2 3 G-
O
.
i=l④
s⇐Pa→µf
So 1000C It 017 =
1331 .
GO.org#l2ooio0S=
• a
O i -
toy - 2 .
: ÷ ÷÷aeai i s ¥
5. ④Cti Pass x t
→
P H Chin
ftp.y
.
p.vn#o..ss..aatigI:e
-
.
.
:*
.
Gang .
NF
eIH.gg .
0
idol.
-
Is
Inttxploo
- -
'
loan Hoo
chair tooo
.
.
. .
.to#.-. .
↳
unwinding official
€-79369211926
Table Ma p
-
O -
I - I
i.gg.
Int Exp 1783
.
ban -
.
Pits
Atif
← 2601=22291 Cash 2600
←
( I -10.085
¥22,297
loan 22,291
. .
I
confMpos.IT/Decozom#ityiStIf-YouBoyhtMxning
is whoever will
Damage
Rights
this
for
toys govt
.
in the
end and we have
Damaged this area from
Day 1 ( )
By digging ;
Means
obl i g ati n
Event Arises
g Dayon 1
,
Now we must
need to Book
complete liability Dayto
%¥#-E③
on
pp¥i
←*yao comet
;D dear .
.
sfrGmfadsoydigBdbAAaat#
Step .
ppy⑧-
①Then relate the
③ This
YFPEE =
,
I
calculate
④ This Feed to
liabihgkm Discord
-
Unwinding
I 6.
Bought a Platform for $401 .
,
cost $121
i/am.
Plldgbmpukogdispkste . E o. p i o ReqPeaL9e@p.
E-xtadfI.in?y.ogaiab P .
I
f#-k
-
Mythmaking Ftp ?
pqi.liabih.tt
Eta
9ns
'
.
Pity
gofppshtyrrot .
ME
Pu for Htt
44.63 PPEE(44.63-44633
def
¥-44534 Noncurrent
.
-40.167
Isnt 0.463
Exp
. -
go
Sg
T To
-FEt
=.
-
- - - -
1¥¥i 12
I t
Ine
.FI?jhgxB. ETExpO5s9
'
Xt
ops .
05591 .
k¥01 -225.598 S0fPAsAt30tJnex7
I
def
.
Plleflomfrdispbst.ch#.,y-- 5.598
←
¥4
.ph#lt3Jex7 .
k¥598
wabiig
.
61578
3759¥
i
Asset
Complex ie Asset with Different components
Different life
tearing
useful
.
life
→ Each
component depreciated separately
is on its own .
→ But in So FP it
Reported is
single
Asset as a .
→ But in Notes
Breakup given
is .
eg Aircraft Ship
,
.
sofa
→
20ps
.
6o.ro
Def Engine izy
. -
.
Engine =
¥tu¥Y # exterior
-
-
Kootenai,r I•→
.
5Th .
E-utroa.im/a .
ti in 8 W 9 XO Xl x 4x4 x
4¥
we , w .
, . , ,
- .
-
-
r
- r e r
- - -
l - -
* .
-
.
Rafiq
cost-150
!q?
Aecdeprioo
.
.
soap .
Etat 8YB .
NBK 50
.
Subsequent Exp
' '
Wb .
cost Ace .
def .
NBV .
PHY -1¥ .
bits
'
*8196)
Ship fabric 300 204
=22/amnw
.
fat.ithEAal5o .
tfzepsxoea .org so .
Populism 100 .
t -
I sofp .
ea-oda.is#s.Oaxoyn?D-dep.*myNBHIO
Cottar
.
30*4*4 .
otsepx .
Phl XIE 30
tsepxs .
Cold
digs
Kofi
boson
) 25
.
. .
-
.
14 .
Def ExpKakinada 22 .
Repainting( fabric)
ship Fabric) .
20
Ans
=.
Overleaping Its like
Adding a
component to Non current
.
-
Asset Few
After
Evey years
.
It must life
Capitalized If them
→
greater
be its own is
,
A-
year
.
CE co .
to overhaul it
needs After
every 5ps at a host
g
40, ooo .
/ "
GOETHE
.Y2oys
life Cost -
3001000 .
2ggiyoe.BA/ann-Accdef.fm/an.NBr-E9ooe
.C2100DDef.ov9Had--4gyooo
Def.ReigPlat
-
.