Global Standards for the world economy

Saturday 01 October 2016

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Accounting for proceeds and costs of testing on PPE

IAS 16 Property, Plant and Equipment: Accounting for proceeds and cost of testing PPE: should net proceeds reduce cost of asset?


 Interpretations Committee work in progress

IAS 16 Property, Plant and Equipment: Proceeds and costs of testing PPE: should net proceeds reduce the cost of PPE?

The issue is to clarify accounting for the net proceeds from selling any items produced while bringing an item of property, plant and equipment (PPE).

Project stages