Wiley IFRS 2014: Interpretation and Application of International Financial Reporting Standards

Chapter 9PROPERTY, PLANT AND EQUIPMENT

1. INTRODUCTION
2. DEFINITIONS OF TERMS
3. RECOGNITION AND MEASUREMENT
   1. Property, Plant and Equipment
      1. Initial measurement
      2. Decommissioning costs included in initial measurement
      3. Changes in decommissioning costs
      4. Initial recognition of self-constructed assets
      5. Exchanges of assets
      6. Costs incurred subsequent to purchase or self-construction
      7. Depreciation of property, plant and equipment
      8. Depreciation methods based on time
      9. Partial-year depreciation
      10. Depreciation method based on actual physical use–Units of production method
      11. Residual value
      12. Useful lives
      13. Tax methods
      14. Leasehold improvements
   2. Revaluation of Property, Plant and Equipment
      1. Fair value
      2. Revaluation applied to all assets in the class
      3. Revaluation adjustments
      4. Initial revaluation
      5. Subsequent revaluation
      6. Methods of adjusting accumulated depreciation at the date of revaluation
      7. Deferred tax effects of revaluations
4. DERECOGNITION
5. NONCURRENT ASSETS HELD FOR SALE
   1. Held-for-sale classification
   2. Measurement of noncurrent assets held for sale
   3. Change of plans
   4. Presentation and disclosure
6. DISCLOSURES
   1. Nonmonetary (Exchange) Transactions
      1. Nonreciprocal transfers
   2. Transfers of Assets from Customers
7. EXAMPLES OF FINANCIAL STATEMENT DISCLOSURES
8. FUTURE DEVELOPMENTS
9. US GAAP COMPARISON

INTRODUCTION

Long-lived tangible and intangible assets (which include property, plant and equipment as well as development costs, various intellectual property intangibles, and goodwill) hold the promise of providing economic benefits to an entity ...