Tangible fixed assets accounting: capitalisation, cost components and required disclosures govern income computation under applicable tax rules. The standard prescribes the treatment of tangible fixed assets for income computation, defining such assets and fair value, mandating capitalisation of stand-by and servicing equipment, and setting the components of actual cost including purchase price, non-recoverable duties and directly attributable expenditures. It requires capitalisation of start-up and commissioning costs until commercial production, treats non-monetary acquisitions at fair value as actual cost, and mandates additions that increase future benefits be added to cost. Depreciation and transfer income follow the Act and specified disclosures are required.