Exposure Draft and comment letters—Property, Plant and Equipment—Proceeds before Intended Use (Proposed amendments to IAS 16)
The International Accounting Standards Board has proposed narrow scope amendments to IAS 16 Property, Plant and Equipment to reduce the diversity in application of the Standard. As reported by The Standard. IAS 16 establishes principles for recognising and measuring items of property, plant and equipment as assets. The proposed amendments would prohibit deducting sales proceeds from the cost of an
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