According to IAS 16 - Property, Plant and Equipment the objective of IAS 16 is "to prescribe the accounting treatment for property, plant, and equipment. The principal issues are the recognition of assets, the determination of their carrying amounts, and the depreciation charges and impairment losses to be recognised in relation to them. "
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you may have a very good article on Propert, Plant and Equipment at
www.studyforall.com/articles.htm