IAS16Property,PlantandEquipment(reformatted1994).pdfVIP

IAS 16 Property, Plant and Equipment (reformatted 1994) 页码，1/13 International Accounting Standards IAS 16 Property, Plant and Equipment (reformatted 1994) IAS 16, Accounting for Property, Plant and Equipment, was approved in March 1982. In December 1993, IAS 16 was revised as part of the project on Comparability and Improvements of Financial Statements. It became IAS 16, Property, Plant and Equipment (IAS 16 (revised 1993)). In July 1997, when IAS 1, Presentation of Financial Statements, was approved, paragraph 66(e) of IAS 16 (revised 1993) (now paragraph 60(e) of this Standard) was amended. In April and July 1998, various paragraphs of IAS 16 (revised 1993) were revised to be consistent with IAS 22 (revised 1998), Business Combinations, IAS 36, Impairment of Assets, and IAS 37, Provisions, Contingent Liabilities and Contingent Assets. The revised Standard (IAS 16 (revised 1998)) became operative for annual financial statements covering periods beginning on or after 1 July 1999. In April 2000, paragraph 4 was amended by IAS 40, Investment Property. IAS 40 became operative for annual financial statements covering periods beginning on or after 1 January 2001. In January 2001, paragraph 2 was amended by IAS 41, Agriculture. IAS 41 is operative for annual financial statements covering periods beginning on or after 1 January 2003. The following SIC Interpretations relate to IAS 16: SIC-14, Property, Plant and Equipment - Compensation for the Impairment or Loss of Items. SIC-23, Property, Plant and Equipment - Major Inspection or Overhaul Costs. The standards, which have been set in bold italic type, should be read in the context of the background material and implementation guidance in this Standard, and in the context of the Preface to International Accounting Standards. International Accounting Standards are not intended to apply to immaterial items (see paragraph 12 of the Preface). Objective The objective