Sample Disclosure – Note On Property Plant and Equipment (20 October 2009)
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Change In Accounting Policy On 1 January 2009, the Company changed its accounting policy on the measurement of its freehold land and buildings form cost model to revaluation model. Pursuant to FRS 116: Property, Plant and Equipment, the revaluation has not bee...
PROPERTY, PLANT AND EQUIPMENT Freehold land and buildings Furniture & fittings Total $ $ $ At day/month/year (beginning) and day/month/year (end) xxx,xxx xxx,xxx xxx,xxx Valuation x,xxx,xxx – x,xxx,xxx Cost x,xxx,xxx x,xxx,xxx x,xxx...
Property, plant and equipment and depreciation All items of property, plant and equipment are initially recorded at cost. Subsequent costs are included in the asset’s carrying amount or recognised as a separate asset, as appropriate, only when it is prob...