IAS 16 Depreciation on Idle Machinery

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EtWin
Posts: 5
Joined: 20 Mar 2023, 14:08

IAS 16 Depreciation on Idle Machinery

Post by EtWin »

Hello

A company has a manufacturing plant producing nails and related products. The company also has a merchandise wholesale business. In the current reporting year, the production was halted due to shortage of raw materials and as a result the plant and machinery remain idle for the whole year, should the company compute the depreciation of the plant & machinery for the year as per IAS 16?
EtWin
Posts: 5
Joined: 20 Mar 2023, 14:08

Re: IAS 16 Depreciation on Idle Machinery

Post by EtWin »

Thank you.
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