Why is an item of property, plant, and equipment segregated into components for depreciation?
Answer to relevant QuestionsHow are the components determined? Why is land depreciated if there is a decommissioning cost? What are the differences between the FVTPL and FVTOCI categories?On 1 July 20X2, a company bought an investment in IBM bonds at par for US$ 50,000 when the exchange rate was US$ 1 = Cdn$ 1.12. The investment is classified as FVTPL. The company paid cash on the acquisition date. At 31 ...Under what circumstances is an investment reclassified from the AC classification to the FVTPL classification? Can an AC investment be classified as FVTOCI? Explain.
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