Depreciation Methods [IAS 16]
Depreciation is designed to spread an asset’s cost over its entire useful service life. Its service life is the period over which it is worn …
Posts tagged PPE
How Do I Know If Fixed Assets Well Maintained or Not?
Inadequate provision for the maintenance of property, plant, and equipment detracts from the long-term earning power of the firm. If obsolete assets are not replaced …
7 Essential Long-Lived Asset Procedures
Long-lived assets are those expected to provide an economic benefit to the reporting entity for a number of future periods. Both IFRS and GAAP regarding …