Global Standards for the world economy

Thursday 08 December 2016

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Accounting for proceeds and costs of testing on PPE

Property, Plant and Equipment: Proceeds before Intended Use


 Proposed changes—Narrow-scope amendments

Property, Plant and Equipment: Proceeds before Intended Use

The issue relates to proceeds from selling items produced while bringing an item of property, plant and equipment (PPE) to the location and condition necessary for it to be capable of operating in the manner intended by management (ie while making an item of PPE available for use).

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