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as per ias 16 PPE is tangible asset that are held for use in production,or supply of goods ,rental to others and for administrative purpose…
rental to others are treated as ias 40 investment proprty. thn why it is treated as per ias16, i m confused …also explain why administrative purpose r treated in ias 16
I’ve just checked through a summary of IAS16 and don’t see the inclusion of “rental to others”
But, be that as it may, the expression “IAS 16 applies to the accounting for property, plant and equipment, except where another standards requires or permits differing accounting treatments” is in the summary so I think that that will answer your query
Does it?
I would have thought that it was less rare to include rented property as PPE!
Do you think differently?
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