PPE Practical Flashcards

0
Q

When there are major components are they included in the main cost already?

A

Yes

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1
Q

During calculations of deferred tax, what is seperated?

A

Each component is separated

E.g. Spare part, inspection. Everything that depreciates at a separate rate.

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2
Q

Does the residual punt effect the tax base when acclimating wear and tear?

A

No

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3
Q

What happens if the useful life extends?

A

Work out out the total useful life has extended to, then work out depreciation from there

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4
Q

Does capitalizing replacements of asset affect the tax base?

A

No

The tax base WONT be increased

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5
Q

What are the basic rows for movements in the PPE note?

A
  1. Additions
  2. Revaluations
  3. Capitalization of additional cost
  4. Depreciation
  5. Derecognition
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