How to record the disposal of assets AccountingTools

Feb 06, 20190183;32;The disposal of assets involves eliminating assets from the accounting records . This is needed to completely remove all traces of an asset from the balance sheet (known as derecognition ). An asset disposal may require the recording of a gain or loss on the transaction in the reporting

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IAS 16 Property, Plant and Equipment

IAS 16 outlines the accounting treatment for most types of property, plant and equipment. Property, plant and equipment is initially measured at its cost, subsequently measured either using a cost or revaluation model, and depreciated so that its depreciable amount is allocated on a systematic basis over its useful life. IAS 16 was reissued in December 2003 and applies to annual periods

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Ore processing Waihi Gold

Ore is stockpiled (1) at the processing plant, and the process begins by feeding the ore into a hopper with a loader. The ore is conveyed, and lime is added (2) to raise the pH of the ore. Following crushing through a jaw crusher (3), the ore is fed into the semi autogenous grinding (SAG) mill (4)

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Refractory Gold Ore Treatment Methods

Refractory Gold Ore Treatment Methods. Where gold is associated with arsenic, antimony, tellurium, and certain other minerals, it is often only partly soluble in cyanide solution. The difficulty is usually more of a physical than a chemical one but special methods of treatment may be required.

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Accounting Chapter 7 Flashcards Quizlet

Accounting Chapter 7 study guide by claudiabove209 includes 19 questions covering vocabulary, terms and more. Quizlet flashcards, activities and games help you improve your grades.

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IFRS Bearer plants the new Developments requirements EY

bearer plants will be subject to all of the recognition and measurement requirements in IAS 16, including the following Before maturity, bearer plants will be measured at their accumulated cost, similar to the accounting treatment for a self constructed item of plant and equipment before it is available for use.

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Basics of Mining Accounting Canada Mark Patterson PwC

Functional Currency. For Eamp;E projects, no operations exist. Operating entity functional currency is therefore usually determined by the companys exploration activities. For many foreign subsidiaries, this is a major currency, such as USD, CAD or EUR or a local currency.

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IFRS and the mining industry IAS Plus

top ten accounting issues. 1. Impairment. The impairment guidance in IAS 36 Impairment of Assets applies to Property, Plant and Equipment (PPamp;E), goodwill and intangibles and involves significant estimation complexities for mining companies. It also applies to joint venture interests and equity accounted investments.

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The allocation of gold production from multiple shafts

The allocation of gold production from multiple shafts feeding a common treatment plant Ore flows from shafts to the plant The metal accounting flow sheet indicating the five shafts and four surface sources is shown in Figure 1. The run of mine ore, having a top particle size of about 250 mm is fed

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OTHER REAL ESTATE Section 3 fdic.gov

disposition of ORE is addressed in ASC 360 20, Property, Plant, and Equipment Real Estate Sales (formerly FAS 66, Accounting for Sales of Real Estate). For regulatory reporting purposes, certain provisions of former AICPA Statement of Position (SOP) No. 92 3, Accounting for Foreclosed Assets, have been incorporated into the Call

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