IAS 16: guides and depreciation schedule
Plain-English guides to IAS 16, each with a worked example, and a depreciation and revaluation schedule for your own assets.
Excel model
Each workbook comes filled in with a worked example, so you can see how it works before replacing the figures with your own. Cells to edit are marked.
5 guides
- IAS 16 property, plant and equipment explained3 minute readIAS 16 property, plant and equipment explained: recognition, what goes into cost, depreciation, the cost and revaluation models, and derecognition.
- Depreciation methods, useful life and residual value3 minute readDepreciation methods under IAS 16 compared with an example: straight-line, reducing balance and units of production, plus useful life and residual value.
- Component depreciation3 minute readComponent depreciation under IAS 16 explained: identifying significant parts, major inspections, replacing parts, with an aircraft componentisation example.
- The revaluation model and revaluation surplus3 minute readThe IAS 16 revaluation model explained: revaluing to fair value, the revaluation surplus in OCI, journal entries, depreciation after revaluation and decreases.
- Decommissioning and restoration costs3 minute readHow decommissioning costs are accounted for under IAS 16 and IAS 37: adding the present value to the asset, unwinding of the discount and IFRIC 1 changes.
About these guides
The guides explain the standard in our own words, with our own examples, and point to the paragraphs they rely on. They are general information, not advice for your situation. Read them alongside the standard itself, and check when your regulator adopts it.