hkas16 ppe - HKAS 16 Revised October 2008 March 2010 Hong...

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Property, Plant and Equipment Hong Kong Accounting Standard 16 HKAS 16 Revised October 2008 March 2010
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HKAS 16 © Copyright 2 COPYRIGHT © Copyright 2010 Hong Kong Institute of Certified Public Accountants This Hong Kong Financial Reporting Standard contains International Accounting Standards Committee Foundation copyright material. Reproduction within Hong Kong in unaltered form (retaining this notice) is permitted for personal and non-commercial use subject to the inclusion of an acknowledgment of the source. Requests and inquiries concerning reproduction and rights for commercial purposes within Hong Kong should be addressed to the Director, Operation and Finance, Hong Kong Institute of Certified Public Accountants, 37/F., Wu Chung House, 213 Queen's Road East, Wanchai, Hong Kong. All rights in this material outside of Hong Kong are reserved by International Accounting Standards Committee Foundation. Reproduction of Hong Kong Financial Reporting Standards outside of Hong Kong in unaltered form (retaining this notice) is permitted for personal and non-commercial use only. Further information and requests for authorisation to reproduce for commercial purposes outside Hong Kong should be addressed to the International Accounting Standards Committee Foundation at www.iasb.org .
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HKAS 16 (March 2004 March 2010 ) © Copyright 3 CONTENTS HONG KONG ACCOUNTING STANDARD 16 PROPERTY, PLANT AND EQUIPEMENT paragraphs INTRODUCTION IN1-IN15 OBJECTIVE 1 SCOPE 2-5 DEFINITIONS 6 RECOGNITION 7-14 Initial costs 11 Subsequent costs 12-14 MEASUREMENT AT RECOGNITION 15-28 Elements of cost 16-22 Measurement of cost 23-28 MEASUREMENT AFTER RECOGNITION 29-66 Cost model 30 Revaluation model 31-42 Depreciation 43-62 Depreciable amount and depreciation period 50-59 Depreciation method 60-62 Impairment 63 Compensation for impairment 65-66 DERECOGNITION 67-72 DISCLOSURE 73-79
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HKAS 16 (December 2007 March 2010 ) © Copyright 4 TRANSITIONAL PROVISIONS 80-80B EFFECTIVE DATE 81-81A E WITHDRAWAL OF OTHER PRONOUNCEMENTS 82-83 APPENDIX CES : A Comparison with International Accounting Standards B Amendments to Other Pronouncements BASIS FOR CONCLUSIONS TABLE OF CONCORDANCE Hong Kong Accounting Standard 16 Property, Plant and Equipment (HKAS 16) is set out in paragraphs 1-83 and the Appendix B . All the paragraphs have equal authority. HKAS 16 should be read in the context of its objective and the Basis for Conclusions, the Preface to Hong Kong Financial Reporting Standards and the Framework for the Preparation and Presentation of Financial Statements . HKAS 8 Accounting Policies, Changes in Accounting Estimates and Errors provides a basis for selecting and applying accounting policies in the absence of explicit guidance.
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HKAS 16 (March 2010) © Copyright 5 Introduction IN1 Hong Kong Accounting Standard 16 Property, Plant and Equipment (HKAS 16) should be applied for annual periods beginning on or after 1 January 2005. Earlier application is encouraged. Reasons for issuing HKAS 16
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This note was uploaded on 10/20/2010 for the course AD abc123 taught by Professor Cat during the Summer '09 term at City University of Hong Kong.

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hkas16 ppe - HKAS 16 Revised October 2008 March 2010 Hong...

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