13/08/2012 Topic 3 Property‚ Plant & Equipment The nature of PP&E • AASB 116 defines property‚ plant & equipment (PP&E) as: • tangible items • with a specific use within the entity • that are expected to be used during more than one period AASB 116 specifically excludes assets held for re-sale PP&E is normally divided into classes. Common classes include land‚ buildings‚ machinery‚ motor vehicles. • • 1 13/08/2012 Initial recognition of PP&E • Cost of an item is recognised as
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According to Dictionary.com‚ the word “responsibility” means “the state or fact of being answerable or accountable.” Responsibility is related to the roles of the particular individuals and groups. Role is defined as an expected behavior in a given individual social status and social position. For one person‚ he will have different responsibilities when he is at different roles. For example‚ someone should take the responsibility as a father when he is in a family. He should be responsible as being
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Standing Timber 1. Marshall v Green - (1875-76) L.R. 1 C.P.D. 35 In the case‚ the defendant purchased some growing trees‚ by word of mouth‚ on the terms that he would remove them as soon as possible. Later‚ when the defendant cut down some trees‚ the plaintiff countermanded the sale and prohibited the defendant from cutting the remaining. However‚ the defendant still cut them and carried them away. It was not denied by either party that there was a verbal contract. However‚ the question here was
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The Periodic Properties of Atoms The Periodic Table: In the 1870’s‚ the Russian chemist Mendeleev developed the periodic table‚ based upon the relationship between the atomic weights of the elements and their chemical properties. As one ascends from lightest to heaviest elements‚ there is a periodic recurrence of chemical properties. For example‚ the elements with atomic numbers 2‚ 10‚ 18‚ 36‚ 54‚ and 86 all are chemically inert (the noble gases)‚ while those with atomic numbers one greater 3‚ 11
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Bottled Water vs. Tap Water Water is vital to human life. Humans can live for several weeks on water alone. However‚ they cannot survive for more than a few days without it. In fact‚ a human’s body primarily consists of 55% to 78% water (Geri Walton.) Therefore‚ we need water. Life cannot exist without water. While some people prefer drinking bottled water‚ others prefer drinking tap water. In fact‚ controversy has been placed on the quality and safety of drinking bottled water versus drinking
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creativity. To take someone’s product and adapt it to increase your profit is not only unfair‚ but unethical. Just as they have a Code of Ethics for their‚ employees‚ prevent fraud or theft‚ the same should apply to them as well. Intellectual property is defined as any product of the human intellect that law protects from unauthorized use by others‚ according to Cornell University Law School. Under Intellectual Law‚ we have patents‚ trademarks‚ copyrights‚ and trade secrets. This law provides
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List possible solutions for air‚ water‚ and land pollution. Pollution is the presentation of contaminants into the indigenous habitat that cause unfavorable change. Contamination can take the type of concoction substances. Pollution can affect our daily lifestyle. Air pollution‚ water pollution‚ and land pollution is the common things that are highly polluted. All of these pollutants can be prevented and solved with. These can be solved if we use all try to prevent using certain things and
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“WATER IS A GOOD SOLVENT” Water is very unique in all facets of its nature. The chemical formula for water is H2O as a water molecule consists of two atoms of the chemical element hydrogen (H) and one atom of the element oxygen (O). Water is the most abundant chemical compound on earth as its mass all exists together‚ naturally‚ in its gaseous‚ liquid and solid state. It is the most precious natural resource to man and is essential to life for all discovered living organisms. One of the unusual
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Summer Internship Project Report On Determining and Implementing Marketing Strategies For Real Estate Investors in Selection of Property By Gurjot Singh Khalsa A0101912065 MBA Class of 2014 Under the Supervision of Ms. Teena Bagga Assistant Professor Department of Information & Technology In Partial Fulfillment of the Requirements for the Degree of Master of Business Administration - General At AMITY BUSINESS SCHOOL AMITY UNIVERSITY UTTAR PRADESH SECTOR
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IAS 16 PROPERTY‚ PLANT AND EQUIPMENT HISTORY OF IAS 16 August 1980 Exposure Draft E18 Accounting for Property‚ Plant and Equipment in the Context of the Historical Cost System March 1982 IAS 16 Accounting for Property‚ Plant and Equipment 1 January 1983 Effective date of IAS 16 (1982) May 1992 Exposure Draft E43 Property‚ Plant and Equipment December 1993 IAS 16 Accounting for Property‚ Plant and Equipment (revised as part of the ’Comparability of Financial Statements’ project) 1 January 1995 Effective
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