140 paragraphs found in AASB 116
The objective of this Standard is to prescribe the accounting treatment for property, plant and equipment so that users of the financial statements can discern information about an entity’s investment in its property, plant and equipment and the changes …
AusCF entities are: (a) not-for-profit entities; and (b) for-profit entities that are not applying the Conceptual Framework for Financial Reporting (as identified in AASB 1048 Interpretation of Standards ). For AusCF entities, the …
This Standard shall be applied in accounting for property, plant and equipment except when another Standard requires or permits a different accounting …
This Standard does not apply to: (a) property, plant and equipment classified as held for sale in accordance with AASB 5 Non-current Assets Held for Sale and Discontinued Operations . (b) biological assets related to agricultural …
An entity using the cost model for investment property in accordance with AASB 140 Investment Property shall use the cost model in this Standard for owned investment …
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 …