Dissertation for Property, Plant and Equipment (IAS16) Data Analysis and Discussion of Results
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Course
Research Theory and Practice
Institution
Research Theory And Practice
This document will present the results and discusses
the findings obtained from the research that has been done for IAS 16. The data that has been collected
was analysed. The findings are presented in this section as graphs (graphs can be found in the document List of Tables and Figures also up...
Chapter 4: Data analysis and discussion of results
4.1 Introduction
In the previous chapter the research methodology was discussed. The data collection process
and instruments used were also discussed. This chapter will present the results and discusses
the findings obtained from the research that has been done. The data that has been collected
was analysed. The findings are presented in this section as graphs. The results are presented
first and the discussion at the end of the section.
4.2 Asset class and useful life
A class of property, plant and equipment is defined as a grouping of similar assets of a similar
nature and is used in an entity’s operations. According to the International Financial
Reporting Grouping of Ernest and Young (2012:1304), IAS 16 suggested that the following
are examples of separate classes of assets: land, land and buildings, machinery, ships,
aircrafts, motor vehicles, furniture and fixtures and office equipment. The useful life of an
asset is defined as the period over which an asset is expected to be available for use by an
entity.
The findings of this study will be presented as charts. The charts are only a representation of
the useful life of PPE items. This is based on a study done on the adoption of IAS in March
2013. The charts can be found in the List of tables and figures on page. Only the explanations
will be given here.
4.2.1 Buildings
This figure illustrates the effect of IAS 16 on buildings as an asset class. In this illustration
the useful life of buildings varies from 40 years to 200 years and about half of companies
apply a useful life of 50 years. (Chart 4.1: The Useful life of Buildings on page)
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