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IAS 16 permits two accounting models for measurement of the asset in periods subsequent to its recognition, namely the cost model and the revaluation model. [ 7 ] Under the cost model , the carrying amount of the asset is measured at cost less accumulated depreciation and eventual impairment (similar to the inventory's Lower of cost or market ...
Application retirement, also called application decommissioning [1] and application sunsetting, is the practice of shutting down redundant or obsolete business applications while retaining access to the historical data.
This is a list of the International Financial Reporting Standards (IFRSs) and official interpretations, as set out by the IFRS Foundation.It includes accounting standards either developed or adopted by the International Accounting Standards Board (IASB), the standard-setting body of the IFRS Foundation.
Nuclear decommissioning, the process of closing a nuclear facility; Decommissioned highway, a disused road or one removed of numbered highway status; Greenfield status, a decommissioned industrial site considered back to its pre-establishment condition
For example, $225K would be understood to mean $225,000, and $3.6K would be understood to mean $3,600. Multiple K's are not commonly used to represent larger numbers. In other words, it would look odd to use $1.2KK to represent $1,200,000. Ke – Is used as an abbreviation for Cost of Equity (COE).
For a mine nearing closure, the closure plan takes the form of a decommissioning plan, and includes details and selection of mitigative technologies (especially for acid rock drainage) and other specific reclamation and closure activities. A critical element of successful reclamation and of good closure planning is stakeholder involvement ...
Nuclear entombment is the least used of three methods for decommissioning nuclear power plants, the others being dismantling and deferred dismantling (also known as "safe storage"). The use of nuclear entombment is more practical for larger nuclear power plants that are in need of both long and short term burials, as well as for power plants ...
In particular, firms need to choose the method that "least likely overstates assets and income or understates liabilities and losses" [3] when encountering accounting issues. For example, if the staff believe there will be 2% bad debt in terms of receivables based on historical information and another staff believe there will be 5% because of a ...