![]() ![]() The expected useful lives are as follows:Freehold buildings 40 yearsLeasehold improvements The shorter of the estimated useful life and the period of theleaseMotor vehicles 5 yearsComputer equipment 5 years Other equipment, furniture and fixtures 3-5 yearsThe depreciation methods, useful lives and residual values are reassessed at each reporting date. ![]() The costs of day-to-day servicing of property, plant and equipment are recognised in profit or loss.Property, plant and equipment, with the exception of freehold land and paintings, on which no depreciation is provided, are depreciated on the straight-line basis at annual rates estimated to write down the assets to their residual values over their expected useful lives. The cost of self- constructed assets includes the cost of materials and direct labour, any other costs directly attributable to bringing the asset to a working condition for its intended use, and the costs of dismantling and removing the items and restoring the site on which they are located.The cost of replacing part of an item of property, plant and equipment is recognised in the carrying amount of the item if it is probable that future economic benefits embodied within the part will flow to the Bank and its cost can be measured reliably. Property, plant and equipment Property, plant and equipment are measured at cost less accumulated depreciation and impairment losses.Cost includes expenditures that are directly attributable to the acquisition of the asset. ![]() Summary of Significant Accounting Policies. ![]()
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