Epstein File EFTA01367243: Asset and Arrangement (DS10)

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💨IMPACT LEVEL 1 — MEH

Epstein File EFTA01367243: Asset and Arrangement (DS10)

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This document contains International Financial Reporting Standards (IFRS) accounting guidance, specifically referencing IAS 16 (Property, Plant and Equipment) and IAS 38 (Intangible Assets). It discusses amendments clarifying asset valuation, accumulated depreciation, amortization, and the application of IFRS 3 to asset transactions and joint arrangements.

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asset arrangement

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Excerpt 1

IAS 16 Property, Plant and Equipment and IAS 38 Intangible Assets The amendment is applied retrospectively and clarifies in IAS 16 and IAS 38 that the **asset**

Excerpt 2

or the net carrying amount In addition, the accumulated depreciation or amortization is the difference between the gross and carrying amounts of the **asset**

Excerpt 3

prospectively and clarifies that IFRS 3, and not the description of ancillary services in IAS 40, is used to determine if the transaction is the purchase of an **asset**