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The Property, plant, equipment and other assets guide helps answer your questions about accounting for PP&E and certain related assets.
This guide was fully updated in October 2019 and select topics were updated in April 2020.
The Property, plant, equipment and other assets guide discusses the capitalization of costs, such as construction and development costs and software costs. It also addresses the subsequent accounting for property, plant, and equipment, including impairments, depreciation and amortization, and asset disposals.
This guide also addresses the accounting for asset retirement obligations, exit or disposal costs, R&D costs, and purchased insurance arrangements.
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