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Tangible Asset

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FA – FIA FFA › Tangible Asset

  • This topic has 3 replies, 2 voices, and was last updated 4 years ago by John Moffat.
Viewing 4 posts - 1 through 4 (of 4 total)
  • Author
    Posts
  • October 3, 2021 at 5:08 am #636894
    James124
    Participant
    • Topics: 166
    • Replies: 138
    • ☆☆☆

    IAS 16 Property. Plant and Equipment requires the depreciation of non-current assets to start when

    A) the asset is delivered
    B) the asset is installed and ready for normal use
    C) the asset starts to be used
    D) the asset is purchased

    I ready IAS-16, it says that depreciation start when available to use. So confused between B and C. Help tutor

    October 3, 2021 at 8:10 am #636899
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54833
    • ☆☆☆☆☆

    Available for use is B 🙂

    October 3, 2021 at 9:18 am #636903
    James124
    Participant
    • Topics: 166
    • Replies: 138
    • ☆☆☆

    Thank you.

    October 3, 2021 at 3:56 pm #636915
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54833
    • ☆☆☆☆☆

    You are welcome.

  • Author
    Posts
Viewing 4 posts - 1 through 4 (of 4 total)
  • The topic ‘Tangible Asset’ is closed to new replies.

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