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What is a cost and fair value model relating to property

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Reference no: EM132765306

Questions -

Q1. Define Property, Plant and Equipment (PPE).

Q2. How is the Property, Plant and Equipment recognized by the entity initially and thereafter?

Q3. What is a cost and fair value model relating to Property, Plant and Equipment?

Q4. Define depreciation.

Q5. What are the acceptable depreciation methods that may be used by the entity?

Q6. How can the Property, Plant and Equipment be derecognized and give at least 2 examples.

Q7. What is the manner of disclosure of the Property, Plant and Equipment on the Financial Statements?

Reference no: EM132765306

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