Joint venture

1. A joint venture is NOT a joint operation (please revise). If you say JV when you mean JO, you won't get marks. Remember, most of the marks are for words not numbers in this exam. :) 2. If JO, company will include its share of jointly owned assets in PPE. 3. If there is a decommissioning provision, you add it to the CA of the PPE at the 1/6/x2. The total will then be depreciated over the life of the PPE.

:)