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of <h1>Ind AS 16: Guidelines for Accounting Treatment of Property, Plant, and Equipment Including Recognition, Measurement, and Depreciation</h1> Indian Accounting Standard (Ind AS) 16 outlines the accounting treatment for property, plant, and equipment. It focuses on recognition, measurement, depreciation, and derecognition of these assets. The standard mandates that assets should be recognized if future economic benefits are probable and costs can be reliably measured. Initial measurement is at cost, including purchase price and directly attributable costs. Subsequent measurement can use the cost or revaluation model. Depreciation is allocated over the asset's useful life, and impairment is assessed according to Ind AS 36. Derecognition occurs upon disposal or when no future benefits are expected. Comprehensive disclosures are required in financial statements.
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