07-31-2011, 09:46 PM
Salaam
My dear friend as in my opinion there is a no need to calculate the separate depreciation on plant until n unless if there is a indication of different method used on different parts.
However IAS 16 doest not insist to calculate separate depreciation. It is only for facilitate the method.
You must charged depreciation on whole plant instead of separate parts.
Regards
Umar
<blockquote id="quote"><font size="1" face="Verdana, Arial, Helvetica, san" id="quote">quote<hr height="1" noshade id="quote"><i>Originally posted by danishayub_76</i>
<br />I think you should calculate the depreciation on the whole item (PPE). and in case of disposal follow the Para 70 of IAS 16.
regards,
<hr height="1" noshade id="quote"></font id="quote"></blockquote id="quote">
My dear friend as in my opinion there is a no need to calculate the separate depreciation on plant until n unless if there is a indication of different method used on different parts.
However IAS 16 doest not insist to calculate separate depreciation. It is only for facilitate the method.
You must charged depreciation on whole plant instead of separate parts.
Regards
Umar
<blockquote id="quote"><font size="1" face="Verdana, Arial, Helvetica, san" id="quote">quote<hr height="1" noshade id="quote"><i>Originally posted by danishayub_76</i>
<br />I think you should calculate the depreciation on the whole item (PPE). and in case of disposal follow the Para 70 of IAS 16.
regards,
<hr height="1" noshade id="quote"></font id="quote"></blockquote id="quote">
