Property, Plant and Equipment

Compiled AASB Standard AASB 116. property , Plant and Equipment This compiled Standard applies to annual periods beginning on or after 1 January 2018. Earlier application is permitted for annual periods beginning on or after 1 January 2014 but before 1 January 2018. It incorporates relevant amendments made up to and including 22 October 2015. Prepared on 14 December 2015 by the staff of the Australian Accounting Standards Board. Obtaining copies of Accounting Standards Compiled versions of Standards, original Standards and amending Standards (see Compilation Details) are available on the AASB website: Australian Accounting Standards Board PO Box 204.

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 in accordance with the specific requirements of

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  Property, Cost, Acquisition, Plants, Equipment, Plant and equipment

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