Examples of Plant and Equipment in a sentence
Property, Plant and Equipment: Property, plant and equipment is stated at cost.
When the use of a property changes such that it is reclassified as Property, Plant and Equipment, its fair value at the date of reclassification becomes its cost for subsequent accounting.
IAS 16 Clarification of Acceptable Methods 1 January 2016 of Depreciation and AmortisationAmendments to IAS 1 The amendments clarify the principle in IAS 16 Property, Plant and Equipment that revenue reflects a pattern of economic benefits that are generated from operating a business (of which the asset is part) rather than the economic benefits that are consumed through use of the asset.
The Contractor shall arrange to despatch the Plant and Equipment by rail or road, to the site as the case may be, the Engineer being the consignee.
In accordance with IAS 16 – Property, Plant and Equipment, the Group’s owned and leased aircraft are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of the aircraft may not be recoverable.