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In our operational jurisdiction, vehicle costs are limited to 2.5 million. For instance, if I purchase a vehicle worth 5 million at the beginning of the year and use a straight-line depreciation method of 10%, the tax authority will cap the cost at 2.5 million. Subsequently, I can calculate deprecia...

Thank you Marek for the response, but I would like to know the reference in the IFRS, for the basis of separation on a fair value basis.

Dear all, The IAS 16.58 says that The land and buildings are separable assets and are accounted for separately, even when they are acquired together. With some exceptions, such as quarries and sites used for landfills, land has an unlimited useful life and therefore is not depreciated. Buildings hav...