Deoreciation

Reference Sri Lanka Accounting standards 8, 2010, (Online) Available: http://www.icasrilanka.com/Technical/Sri%20Lanka%20Accounting%20Standards/slas8.pdf%205.pdf Dialog one- course of instruction report, 2009, (Online) Available: http://www.dialog.lk/content/uploads/pdfs/annual_reports/2009_annual_report_en.pdf (Bettner and Whittington, 1998) http://www.businessdictionary.com/definition/economic-life.html closure PROPERTY, PLANT AND EQUIPMENT The movements in property, plant and equipment during the year are roundabout out in Note 6 to the Financial Statements. During the year under review, the estimated useful lives of telecommunication assets of the Company and its subsidiaries have been changed to aline with depreciation estimates to International (Telecommunications Industry) best devotes, in the context of engineering science advancement dynamics. The Group has applied similar best practice aligned policies with respect to capital inventory and capital tempt in progress. The impact to the Financial Statements from the initiation of the said policies is The merge financial statements of Dialog Telekom PLC have been active in agreement with Sri Lanka Accounting Standards (SLAS) and the Companies Act No. 07 of 2007.

These financial statements have been prepared under the historical cost convention, as modified by the revaluation of land and buildings. If you purchased a new vehicle for £40,000 and resold it ternion years later for £20,000, you would have experienced a £20,000 sack on the value of your asset. A business would write a portion of this loss of value off each year, charge though it required no cash outlay, reducing inform profits. It is shown on the balance sheet known as accumulate depreciation grpriyankara@yahoo.co.uk grpriyankara@gmail.com grpriyankara@gmail.com Residual Value SLAS 8 The residual value of an asset is lots insignificant and can be ignored in the deliberateness of the depreciable amount. If the... If you want to get a full essay, order it on our website: Orderessay

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