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