charges and impairment losses. The standard defines PPE as tangible items held for use in production, supply of goods, rental to others, or for administrative purposes, which are expected to be used during more than one period.

IAS 16 does not apply to assets classified as held for sale under IFRS 5, biological assets related to agricultural activity under IAS 41, or mineral rights and reserves.

Recognition and Initial Measurement

1.Previous
3.Next