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Tuesday 21 October 2014

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Accounting for proceeds and costs of testing on PPE

Property, Plant and Equipment: Accounting for proceeds and costs of testing on PPE


 Tentative agenda decision

IAS 16 Property, Plant and Equipment: Accounting for proceeds and costs of testing on 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).

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