Property, plant and equipment

This topic has 1 reply, 2 voices, and was last updated 9 years ago by John Moffat.

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August 29, 2016 at 9:14 am #335927
tayyabumer
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In a question, I was given timber land $ 71000 and land $72000 and many other items. I was to put them under heading of PP&E. But when I checked my answer, the manual put timberland under the heading of PP&E and did not put land. Why?
August 29, 2016 at 1:30 pm #335989
John Moffat
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It is because land on which timber is growing is a depreciating asset (because it is worth less as the timber is used).

However there is no way ‘timber land’ will be examined in paper F3.
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