International Financial Reporting Standards (ifrs)

IAS 16 Property, plant and equipment

• Carrying amount – the amount after deducting any accumulated depreciation and accumulated impairment losses;
• Cost – the amount of cash paid;
• Depreciable amount – the cost of an asset less its residual value;
• Depreciation – the systematic allocation of the depreciable amount of an asset over its useful life;

• Unit 2

IAS 16 Property, plant and equipment

• Entity-specific value – the PV of the cash flows an entity expects to arise from the use of an asset and from its disposal or expects to incur when settling a liability;
• Fair value – the amount for which an asset can be exchanged;

• Unit 2