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IAS - 16 Property, Plant and Equipment deals with matters governing of property and equipment.
According to IFRS IAS #16:"The cost of an item of property, plant and equipment comprises:(a) its purchase price, including import duties and non-refundable purchasetaxes, after deducting trade discounts and rebates."If you are using the VAT input paid on equipment as a credit against the future VAT output received on sales, you would book the equipment cost net of VAT.
YES
Never, land is a fixed asset that is listed under Property, Plant and Equipment or PP&E, but is never listed as a current asset.NO, land is not considered a current asset as typically it is not easily liquidated into cash. Land goes under the PP&E section of the balance sheet, hence the term Property, Plant, & Equipment and is classified as a long-term asset.
property, plant and equipment
One can purchase surplus equipment from many different stores. If you're looking for plant surplus equipment then you can use stores such as Lowe's Or Home Depot. You can also get surplus equipment from many military stores.
Plant and equipment turnover ratio gives an indication of managment's ability to generate sales based upon investments in plants and equipment. Plant and Equipment Turnover = Sales / Average Total Plant and Equipment Inventories
Property, plant, and equipment
Yes, a shrub is considered to be a plant. Anything that has stems is considered to be a plant.
what???
yes the plant stem is considered an organ of the plant.
What is The application of the matching principle to depreciation of plant and equipment can best be described as?
the equipment needed is soil, a shovel, and a warm place to plant it:]
At the positive note equipment leasing doesn’t tie up your money. The drawback of leasing – there is no resale or salvage value because you don’t possess the equipment or plant.
depends on what is happening with goodwill - purchase? sale? labor? etc. etc.
It means that the plant (Equipment) is out of the site work.
The plant considered to be in season during Christmas is the Poinsetta.