Search Definitions

This appendix is an integral part of the Standard. …

The following term is also used in this Standard with the meaning specified. A not-for-profit entity is an entity whose principal objective is not the generation of profit.   A not-for-profit entity can be a single entity or a group of entities comprising …

Examples of property, plant and equipment held by not-for-profit public sector entities include, but are not limited to, infrastructure, cultural, community and heritage …

The following terms are used in this Standard with the meanings specified: …

A bearer plant is a living plant that: (a)             is used in the production or supply of agricultural produce; (b)             is expected to bear produce for more than one period; and (c)              has a remote likelihood of being sold as …

Carrying amount is the amount at which an asset is recognised after deducting any accumulated depreciation and accumulated impairment …

Cost is the amount of cash or cash equivalents paid or the fair value of the other consideration given to acquire an asset at the time of its acquisition or construction or, where applicable, the amount attributed to that asset when initially recognised …

Depreciable amount is the cost of an asset, or other amount substituted for cost, less its residual value. …

Depreciation is the systematic allocation of the depreciable amount of an asset over its useful life. …