Property, plant and equipment, and tangible fixed assets – Part 2Relevant to ACCA Qualification Papers F3 and F7 Show This is the second of two articles, and considers revaluation of property, plant and equipment (PPE) and its derecognition. The first article considered the initial measurement and depreciation of PPE. There are rather more differences between IAS 16, Property, Plant and Equipment (the international standard) and FRS 15, Tangible Fixed Assets (the UK standard) in relation to revaluation and derecognition compared to initial measurement and depreciation. For both topics addressed in this article, the international position is outlined first, and then compared to the UK position.
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