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What is IAS 16: Depreciation Methods Explained about?
IAS16 Property plant and equipment requires that an asset be initially measured at cost and depreciated over its useful life. It can later be revalued to fair value, with any increases or decreases credited or debited to other comprehensive income rather than profit or loss. The useful life and depreciation method must be reviewed annually and adjusted if necessary.
- Author
- Alex liao
- Language
- EN