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3 Cards in this Set

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Pp&e - iFRS
increase in value. - increase OCI. decrease in value- decrease in NI. : recover value: NI
expensed vs capitalized
Pp&e. : 1 expensed ( mere maintenance ) 2 reduced Accumulated depreciation ( just extend) 3 capitaluzed ( improve)
lIFRS: land land improvement. building
1 land ( no depreciation) 2 land improvement ( septic tank side walk ) - depreciation. 3 building ( depreciation)