Register now or log in to join your professional community.
IAS16 prescribes that the carrying amount of an item of property, plant and equipment shall be derecognized on disposal; or when no future economic benefits are expected from its use or disposal.
The gain or loss on disposal is the difference between the proceeds and the carrying amount and should be recognised in profit and loss.
Do you need help in adding the right keywords to your CV? Let our CV writing experts help you.