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3 Cards in this Set
- Front
- Back
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PPE Costs |
1. Purchase, duties, unrecoverable, net of rebates 2. Cost to bring to location and conditions for us 3. Major inspections 4. Major spare parts 5. Standby or servicing equipment 6. ARO/ dismantling Land and building costs include commissions, legal fees, cost to make asset useable, and allocate cost separately between land and building ** |
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PPE Depreciation |
1. Straight line (Cost-Residual/useful) 2. Units of production ((cost-residual)/estimated productive outputs)) * units produced 3. Decline Method (Cost-Acc dep.) * declining rate **remember for calculation, start at cost, doesn’t include residual |
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Revaluation Model (IFRS only) |
1. Gains recognized first to net income up to previous loss then to OCI 2. Losses recognized first to OCI then remainder in net income |
