The Property, plant, equipment and other assets guide has been updated through April 2020 to include our latest interpretive guidance, additional questions and examples, and expanded guidance on environmental obligations and asset acquisitions.
We discuss the capitalization of costs, such as construction and development costs and software costs. The subsequent accounting for property, plant, and equipment is also discussed, including impairments, depreciation and amortization, and asset disposals.
This guide also addresses a variety of other topics, including the accounting for asset retirement obligations, exit or disposal costs, R&D costs, and purchased insurance arrangements.
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