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Review two (2) of the most recent financial statements (via the Annual Report) of ASX listed Australian companies. Discuss their compliance with AASB 116/IAS 16

  • Review two (2) of the most recent financial statements (via the Annual Report) of ASX listed Australian companies. Discuss their compliance with AASB 116/IAS 16 Property, Plant and Equipment. Show extracts from the annual reports to support your analysis. ( 400-500) words

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Answer Basic understanding of amount calculation of Property Plant Equipment Property plant and equipment is measured at cost less accumulated depreciation and any impairment in value Cost includes ex... blur-text-image

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