- Definitions of Terms
- Recognition and Measurement
- Property, Plant and Equipment
- Depreciation Methods Based on Time
- Revaluation of Property, Plant and Equipment
- Examples of Financial Statement Disclosures
- US GAAP Comparison
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 for a period greater than that covered by the current year's financial statements. Accordingly, these assets must be capitalised rather than immediately expensed, and their costs ...