1. Explain what assets constitute the property, plant and equipment as per IAS16.

2. Discuss the recognition criteria for property, plant and equipment as per IAS16.

3. Discuss the conditions under which property, plant and equipment can be derecognized as per IAS16.

4. Explain the key characteristics of an intangible asset.

5. How does the principles for amortisation of intangible assets differ from those for depreciation of property, plant and equipment?

6. Explain difference between research and development