资源描述：
《Understanding Australian Accounting Standards 3E - Loftus - SMch13_sm_loftus》由会员上传分享，免费在线阅读，更多相关内容在学术论文-天天文库。
1、SolutionsManualtoaccompanyUnderstandingAustralianAccountingStandardsJaniceLoftus,KenLeo,RuthPicker,VictoriaWise,KerryClarkByKenLeoJohnWiley&SonsAustralia,Ltd2013Chapter13:Property,plant&equipmentChapter13:Property,plant&equipmentComprehensionquestion1.Whatassets
2、constituteproperty,plantandequipment?Para6ofAASB116definesPPEasfollows:Property,plantandequipmentaretangibleitemsthat:(a)areheldforuseintheproductionorsupplyofgoodsorservices,forrentaltoothers,orforadministrativepurposes;and(b)areexpectedtobeusedduringmorethanon
3、eperiod.2.Whataretherecognitioncriteriaforproperty,plantandequipment?Para7ofAASB116containsthefollowingrecognitioncriteria:Thecostofanitemofproperty,plantandequipmentshallberecognisedasanassetif,andonlyif:(a)itisprobablethatfutureeconomicbenefitsassociatedwithth
4、eitemwillflowtotheentity;and(b)thecostoftheitemcanbemeasuredreliably.3.Howshoulditemsofproperty,plantandequipmentbemeasuredatpointofinitialrecognition,andwouldgiftsbetreateddifferentlyfromacquisitions?Para15ofAASB116requirestheinitialmeasurementtobeatcost.Themea
5、surementruleappliesregardlessofhowtheentityobtainstheasset.Agifthasazerocost.4.Howiscostdetermined?Para16states:Thecostofanitemofproperty,plantandequipmentcomprises:(a)itspurchaseprice,includingimportdutiesandnon-refundablepurchasetaxes,afterdeductingtradediscou
6、ntsandrebates.(b)anycostsdirectlyattributabletobringingtheassettothelocationandconditionnecessaryforittobecapableofoperatinginthemannerintendedbymanagement.(c)theinitialestimateofthecostsofdismantlingandremovingtheitemandrestoringthesiteonwhichitislocated,theobl
7、igationforwhichanentityincurseitherwhentheitemisacquiredorasaconsequenceofhavingusedtheitemduringaparticularperiodforpurposesotherthantoproduceinventoriesduringthatperiod.©JohnWileyandSonsAustraliaLtd201313.45Chapter13:Property,plant&equipment1.Whatchoicesofmeas
8、urementmodelexistsubsequenttoassetsbeinginitiallyrecognised?Para29ofAASB116states:Anentityshallchooseeitherthecostmodelinparagraph30ortherevaluationmodelinparagraph31
