IAS 16 Property, Plant and Equipment - IFRS
The IFRS Foundation's logo and the IFRS for SMEs ® logo, the IASB ® logo, the ‘Hexagon Device’, eIFRS ®, IAS ®, IASB ®, IFRIC ®, IFRS ®, IFRS for SMEs ®, IFRS Foundation ®, International Accounting Standards ®, International Financial Reporting Standards ®, NIIF ® and SIC ® are registered trade marks of the IFRS Foundation, further details of which are available from the IFRS,Standardisation of plant and machinery valuation practices,,Jun 21, 2017· Plant and machinery valuation is important to every company.s annual financial reporting. It is reported under the non-current assets section, and the valuers are generally employed to provide the up to date valuation of the non-current assets valuation such as property, plant and equipment that can make up to 80% of the total assets of a company.Guide to machinery costs and contract rates,2 PRIMEFACT 913, GUIDE TO MACHINERY COSTS AND CONTRACT RATES . is done by estimating a market value at the start of the year and the end of the year. The difference is,Say, for example, that you have the area to plant 2,000 ha of wheat but your equipment can only plant 1,000 ha in the optimum time (ignoring weather problems for now).