Ias 16 property, plant and equipment

IAS 16 on Property, Plant and Equuipment deals with accounting for property, plant and equipment. The statement specifies when to recognise property, plant and equipment, when to derecognise it, procedures for revaluation, etc. For a short video on IAS 16, click https://www.youtube.com/watch?v=VG0GzdEjRKc