01-27-2010, 04:45 AM
Dear
In the paragph 7 of IAS 16 the standard describe the assets which qalify as a Propety,Plant and Equipment.
As per my perception auditor are right IAS 16 provide exepmption only to insignificant and service able spare parts and equipment,means consumable items.
Please discuss further if not agree.
Majid
In the paragph 7 of IAS 16 the standard describe the assets which qalify as a Propety,Plant and Equipment.
As per my perception auditor are right IAS 16 provide exepmption only to insignificant and service able spare parts and equipment,means consumable items.
Please discuss further if not agree.
Majid
