Learning objectives
PPE assets
1.
What is PPE
2.
Initial recognition
3.
Depreciation methods
4.
Subsequent expenditures
5.
Disposal
Note
Intangible assets are also non current assets
However, we focus on tangible non current assets
( in this unit
4
LO1: Property, plant and equipment (PPE)
LO1: Property, plant and equipment (PPE)
AASB 116 defines PPE as:
AASB 116 defines PPE as:
➢tangible items;tangible items;
➢that are expected to be used during more than one that are expected to be used during more than one period (i.e., they are period (i.e., they are nonnon–current in naturecurrent in nature););
➢Are not expected for sale to customers.Are not expected for sale to customers.
5
LO1: Property, plant and equipment (PPE)
LO1: Property, plant and equipment (PPE)
Property, plant and equipment
Property, plant and equipment(PPE) are physical (PPE) are physi
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