IAS 16 Property, Plant and Equipment

E453767

Accounting standard IFRS standard International Accounting Standard

IAS 16 Property, Plant and Equipment is an International Accounting Standard that prescribes the accounting treatment for tangible long-term assets, including their recognition, measurement, depreciation, and derecognition.

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All labels observed (3)

Label	Occurrences
IAS 16 Property, Plant and Equipment canonical	4
IAS 16	1
International Accounting Standard 16 Property, Plant and Equipment	1

How this entity was disambiguated

This entity first appeared as the object of triple T4575842 — resolving that mention is where its identity was fixed. The disambiguator weighed these candidate entities and picked the highlighted one (or “None”, minting a new entity). This is how homonymy is resolved: the same surface form can point to different entities.

NED1 Entity disambiguation (via context triple) gpt-5-mini-2025-08-07

Target entity: IAS 16 Property, Plant and Equipment
Context triple: [IFRS, includesStandard, IAS 16 Property, Plant and Equipment]

A. ASC 350 Intangibles—Goodwill and Other
ASC 350 Intangibles—Goodwill and Other is a U.S. GAAP accounting standard that provides guidance on the recognition, measurement, and impairment testing of goodwill and other intangible assets.
B. IFRS
IFRS (International Financial Reporting Standards) is a globally used set of accounting standards designed to bring transparency, comparability, and consistency to financial statements across different countries.
C. ASC 842 Leases
ASC 842 Leases is the U.S. GAAP accounting standard that overhauled lease accounting by requiring most leases to be recognized on the balance sheet as right-of-use assets and lease liabilities.
D. FASB Accounting Standards Codification
The FASB Accounting Standards Codification is the single, authoritative source of nongovernmental U.S. GAAP, organizing all relevant accounting standards into a comprehensive, structured framework.
E. ASC 805 Business Combinations
ASC 805 Business Combinations is a U.S. GAAP accounting standard that provides guidance on how companies should recognize, measure, and disclose assets, liabilities, and goodwill arising from mergers and acquisitions.
F. None of above. chosen
G. Unsure - the case is ambiguous/there is not enough information to decide.

NED2 Entity disambiguation (via description) gpt-5-mini-2025-08-07

Target entity: IAS 16 Property, Plant and Equipment
Target entity description: IAS 16 Property, Plant and Equipment is an International Accounting Standard that prescribes the accounting treatment for tangible long-term assets, including their recognition, measurement, depreciation, and derecognition.

A. ASC 350 Intangibles—Goodwill and Other
ASC 350 Intangibles—Goodwill and Other is a U.S. GAAP accounting standard that provides guidance on the recognition, measurement, and impairment testing of goodwill and other intangible assets.
B. IFRS
IFRS (International Financial Reporting Standards) is a globally used set of accounting standards designed to bring transparency, comparability, and consistency to financial statements across different countries.
C. ASC 842 Leases
ASC 842 Leases is the U.S. GAAP accounting standard that overhauled lease accounting by requiring most leases to be recognized on the balance sheet as right-of-use assets and lease liabilities.
D. FASB Accounting Standards Codification
The FASB Accounting Standards Codification is the single, authoritative source of nongovernmental U.S. GAAP, organizing all relevant accounting standards into a comprehensive, structured framework.
E. ASC 805 Business Combinations
ASC 805 Business Combinations is a U.S. GAAP accounting standard that provides guidance on how companies should recognize, measure, and disclose assets, liabilities, and goodwill arising from mergers and acquisitions.
F. None of above. chosen

Statements (50)

Predicate	Object
instanceOf	Accounting standard ⓘ IFRS standard ⓘ International Accounting Standard ⓘ
abbreviation	IAS 16 ⓘ linked to: IAS 16 Property, Plant and Equipment
allows	cost model for subsequent measurement ⓘ revaluation model for subsequent measurement ⓘ
appliesTo	equipment ⓘ plant ⓘ property ⓘ tangible long-term assets ⓘ
covers	depreciation of property, plant and equipment ⓘ derecognition of property, plant and equipment ⓘ initial measurement of property, plant and equipment ⓘ recognition of property, plant and equipment ⓘ subsequent measurement of property, plant and equipment ⓘ
defines	depreciable amount ⓘ residual value ⓘ useful life ⓘ
excludes	biological assets related to agricultural activity ⓘ exploration and evaluation assets ⓘ mineral rights and mineral reserves ⓘ
governs	accounting for property, plant and equipment ⓘ
hasFullName	International Accounting Standard 16 Property, Plant and Equipment ⓘ linked to: IAS 16 Property, Plant and Equipment
includes	guidance on componentization of assets ⓘ
issuedBy	IASB ⓘ linked to: International Accounting Standards Board International Accounting Standards Board ⓘ
objective	to prescribe the accounting treatment for property, plant and equipment ⓘ
partOf	International Financial Reporting Standards ⓘ
permits	different depreciation methods ⓘ
recognitionCriterion	cost of the item can be measured reliably ⓘ probable future economic benefits will flow to the entity ⓘ
relatedTo	IAS 23 Borrowing Costs ⓘ IAS 36 Impairment of Assets ⓘ IFRS 5 Non-current Assets Held for Sale and Discontinued Operations ⓘ
requires	capitalization of costs of dismantling and removing the item and restoring the site when criteria are met ⓘ capitalization of directly attributable costs ⓘ derecognition on disposal of an asset ⓘ derecognition when no future economic benefits are expected from use or disposal ⓘ disclosure of depreciation methods used ⓘ disclosure of measurement bases used for determining gross carrying amount ⓘ disclosure of useful lives or depreciation rates ⓘ initial measurement at cost ⓘ recognition of gain or loss on derecognition in profit or loss ⓘ recognition of major inspections as part of the carrying amount when criteria are met ⓘ reconciliation of the carrying amount at the beginning and end of the period ⓘ review of depreciation method at least at each financial year-end ⓘ review of residual value at least at each financial year-end ⓘ review of useful life at least at each financial year-end ⓘ significant parts of an item of property, plant and equipment to be depreciated separately ⓘ systematic allocation of depreciable amount over useful life ⓘ

How these facts were elicited

Referenced by (6)

Full triples — surface form annotated when it differs from this entity's canonical label.

IFRS → includesStandard → IAS 16 Property, Plant and Equipment ⓘ

International Financial Reporting Standards → includesStandard → IAS 16 Property, Plant and Equipment ⓘ

IAS 16 Property, Plant and Equipment → hasFullName → International Accounting Standard 16 Property, Plant and Equipment ⓘ

linked to: IAS 16 Property, Plant and Equipment

IAS 16 Property, Plant and Equipment → abbreviation → IAS 16 ⓘ

linked to: IAS 16 Property, Plant and Equipment

IAS 36 Impairment of Assets → relatedTo → IAS 16 Property, Plant and Equipment ⓘ

IAS 40 → relatedStandard → IAS 16 Property, Plant and Equipment ⓘ

subject linked to: IAS 40 Investment Property

All labels observed (3)

How this entity was disambiguated Show

Statements (50)

How these facts were elicited Show

Referenced by (6)

How this entity was disambiguated

How these facts were elicited