Summarise disclosures requirements in AASB 116 PPE. Consider the measurement bases applied, depreciation methods used, estimation of useful life or depreciate rate, the movement of carrying amounts of PPE, cost model or revaluation model, and treatments of revaluation, etc.

a) Summary of the disclosure requirements in your own words.

b) Identified disclosure notes and matched them correctly with the standard.

c) Inconsistencies identified and adequately described.

d) Similarities and differences are identified and explained.

Answer rating: 100% (QA)

1The carrying amount of each class of property plant and equipment at the beginning and end of the period 2 Depreciation methods used 3 The estimated ... View the full answer