I’ve posted two articles regarding on accounting for Property, Plant and Equipment (PPE).
The first article titled “The Scope of IAS 16 Property, Plant and Equipment” and the other “Initial recognition of self-constructed assets”.
Essentially, the same accounting principles that have been established for recognition of the cost of purchased assets also apply to self-constructed assets.
You may follow the above articles from here >> and also from here >>
Hardi
