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To Which mentioned items IAS-16 Will be applicable?

building,furniture,cash,goodwill?

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Question added by Sufiyan Raza , Senior Document Controller , Olsen & Partners Interiors LLC
Date Posted: 2015/12/03
Shahhan Asghar Ali Baloch
by Shahhan Asghar Ali Baloch , Finance and Operations Officer , International Alert

According to IAS- building and furniture would be classified under Property, Plant and Equipment. Cash is a current asset where as goodwill is an intelligible asset and will be subject to a separate IAS.

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