Decrease in decommissioning provision results in negative asset
by
Silvia
Question We operate a power plant and we recognized a provision related to its decommissioning at the end of its useful life. We remeasure the amount of the provision annually based on updated discount rate and estimated cost report. We apply cost model to our…
Provisions and Other Liabilities
0
Recent Comments
- Refilwe on Our machines are fully depreciated, but we still use them! What shall we do?
- mekonnen on How to Account for Government Grants (IAS 20)
- Sewa PA System on How to account for intercompany loans under IFRS
- ASHAGRE TILAHUN TAYE on IFRS 17 Example: Initial Measurement of Insurance Contracts
- Silvia on Example: IFRS 10 Disposal of Subsidiary
Categories
- Accounting Policies and Estimates (14)
- Consolidation and Groups (24)
- Current Assets (21)
- Financial Instruments (54)
- Financial Statements (48)
- Foreign Currency (9)
- IFRS Videos (65)
- Insurance (3)
- Most popular (6)
- Non-current Assets (54)
- Other Topics (15)
- Provisions and Other Liabilities (44)
- Revenue Recognition (26)