In this section
In this section we shall look at non-current assets; what they are and how they differ from current assets. We will then look at property, plant and machinery, the most common type of non-current asset, in greater detail.
- What is meant by property, plant and equipment and how it is usually funded
- How to calculate the cost of property, plant and equipment and then record it in the General Ledger
- How businesses spread the cost over the asset’s useful life through the use of depreciation
- How to record a disposal of property, plant and equipment and calculate any gains or losses made on its disposal
- How an organisation’s policies can affect the way that property, plant and equipment is recognised and then valued
- How a Non-current Asset Register is used to keep track of a business’ non-current assets
Links
3.02 Property, plant and equipment
3.03 Funding property, plant and equipment
3.04 Purchases of property, plant and equipment
3.05 Valuing property, plant and equipment
3.08 Disposals of property, plant and equipment
3.09 Purchases involving part-exchanges
3.11 The non-current asset register
3.12 Non-current assets: questions
