Recognition of property, plant, and equipment

PPE is recognised when future economic benefits are probable and cost can be measured reliably. Include directly attributable costs necessary to bring an eligible asset to its intended location and condition. Record the asset when the criteria are met, then start depreciation when it is available for use. Day-to-day maintenance ordinarily keeps an asset working rather than creating a new asset. Costs of opening a new facility or training staff are generally not capitalised as PPE.