Impairment & derecognition of PPE

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..... s assets, how it determines the recoverable amount of an asset, and when it recognises, or reverses the recognition of, an impairment loss. Compensation for impairment - Compensation from third parties for items of property, plant and equipment that were impaired, lost or given up shall be included in profit or loss when the compensation becomes receivable. Impairments or losses of items o .....

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..... this Standard. Derecognition of PPE In determining the date of disposal of an item, an entity applies to the criteria in Ind AS 115 for recognizing revenue from the sale of goods. Ind As 11+ applies to disposal by a sale and leaseback. If entity follows Cost Model Profit Loss on disposal should be treansferred to P L A/c. Revaluation Model revaluation Surplus exis .....

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..... d AS 115, Revenue from Contracts with Customers. Ind AS 105 does not apply when assets that are held for sale in the ordinary course of business are transferred to inventories. The gain or loss arising from the derecognition of an item of property, plant and equipment shall be determined as the difference between the net disposal proceeds, if any, and the carrying amount of the item. After d .....

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