the book Intermediate Accounting review ( acquisition and disposition of property, plant, and equipment) IFRS Edition

property , plant, and equipment is defined as tangiable assets that are held for use in production or supply of goods and services, for rentals to others, or for administrative porposes; they are expected to be used during more than one period.

  • ” used in operations” and not for resale
  • long-term in nature and usually depreciated
  • possess physical substance

include : land, building structures (offices, factories, warehouses), and equipment (machinery, furniture, tools).

companies value property, plant, and equipment in subsequent periods using either the

  • cost method or
  • fair value (revaluation) method

COUNTINUE…..hehe

Iklan

Tinggalkan Balasan

Isikan data di bawah atau klik salah satu ikon untuk log in:

Logo WordPress.com

You are commenting using your WordPress.com account. Logout / Ubah )

Gambar Twitter

You are commenting using your Twitter account. Logout / Ubah )

Foto Facebook

You are commenting using your Facebook account. Logout / Ubah )

Foto Google+

You are commenting using your Google+ account. Logout / Ubah )

Connecting to %s