FAQ on Tax Treatment for Reinstatement Costs - Inland Revenue Department
2024-07-06 16:08Q: Under Hong Kong Accounting Standard 17 ("HKAS 17"), if a lessee of premises is required under the terms of a lease agreement to reinstate the condition of the premises back to their original condition at the end of the lease, the lessee should accrue the reinstatement cost as an additional cost of the initial renovation based on the best ...
reinstatment of cost - 會計 Accounting - Discuss.com.hk
繁 簡. 1) it is the cost that your company need to reinstate the condition of the property you leased when you move out. There should be a term stated in your lease agreement. 2) ask for the open market quotation to estimate the reinstatement cost. 3) Entry: Dr PPE (Leashold improvement); Cr Accrual (LT if the lease term is over 1 year)
PDF HKAS 37 Provisions, Contingent Liabilities and Contingent Assets
The International Accounting Standard comparable with HKAS 37 is IAS 37 Provisions, Contingent Liabilities and Contingent Assets. There are no major textual differences between HKAS 37 and IAS 37. Note: Example 3A, 8A, 12 and 13 in Appendix C to HKAS 37 are additional Hong Kong examples.
Hong Kong: Tax deduction for lease reinstatement costs - KPMG United States
Grant a tax deduction for lease reinstatement costs, subject to certain conditions; Remove the 25-year time limit for claiming the commercial building allowance (CBA) and industrial building allowance (IBA) and allow a buyer of a commercial or industrial building to claim the CBA or IBA on a 4% annual basis without any time limit. The tax base ...
PDF Applying the Restatement Approach under HKAS 29 Financial Reporting in ...
retation for annual periods beginning on or after 1 March 2006. Earlier application is encouraged. If an entity applies this Interpretati. Applying the Restatement Approach under HKAS 29 Financial Reporting. Hyperinflationary EconomiesThis Basis for Conclusions accompanies, but is not part of, IFRIC 7. HK(IFRIC)-Int 7 is based on IFRIC ...
如何入帳，請指教 - 會計 Accounting - Discuss.com.hk
原帖由 會計 小王子 於 2016-4 ... The cost of an item of property, plant and equipment shall be recognised as an asset if, and only if: (a) it is probable that future economic benefits associated with the item will flow to the entity; and ... 裝修還原 舊址 的reinstatement cost 係應該入expense
Accounting for restoration costs (Journal Entries and Explanation)
A tenant should recognize restoration cost as part of the right of use asset while incurring obligation for them. Based on the circumstances, this shall be decided that it may start at the commencement date or be a consequence of having used the asset for a particular period. The obligation is covered under IAS 37 Provisions, Contingent ...
reinstatment of cost(頁 1) - 會計 Accounting - 香港討論區 (純文字版本)
香港討論區 » 會計 Accounting » reinstatment of cost. ... What is PPE about the reinstatement of cost? ecdee2008 2009-4-7 01:10. 1) it is the cost that your company need to reinstate the condition of the property you leased when you move out. There should be a term stated in your lease agreement.
PDF Appendix 5: Income and Expenditure Account
的會計政策；及按情況下作出合理的會計 ... Provision for office reinstatement cost 辦公室重修成本準備 ...
PDF Reports and Financial Statements 報告及財務報表 - Hksi
括主要會計政策概要。 我們認為，該等綜合財務報表已根據 香港會計師公會頒布的《香港財務報 告準則》真實而中肯地反映了 貴集 團於二零一七年三月三十一日的綜合 財務狀況及截至該日止年度的綜合財 務表 現及綜合 金流量，並已遵照香
PDF Leases - Hong Kong Institute of Certified Public Accountants
HKFRS 16 Revised July 2021September 2022 Leases Hong Kong Financial Reporting Standard 16
IAS 37 — Provisions, Contingent Liabilities and Contingent Assets
When a provision (liability) is recognised, the debit entry for a provision is not always an expense. Sometimes the provision may form part of the cost of the asset. Examples: included in the cost of inventories, or an obligation for environmental cleanup when a new mine is opened or an offshore oil rig is installed. [IAS 37.8] Use of provisions
PDF Depreciated replacement cost method of valuation for financial ... - RICS
The technique involves assessing all the costs of providing a modern equivalent asset using pricing at the valuation date. 2.5 In order to assess the price that the potential buyer would bid for the actual asset, valuation depreciation adjustments have to be made to the gross replacement cost of the MEA to reflect the differences between it and
Restatement: Definition in Accounting, Legal Requirements, Example
Restatement: A restatement is the revision and publication of one or more of a company's previous financial statements ; it is necessary when it is determined a previous statement contains a ...
Reinstatement Costs in Hong Kong 2024 | ReinstateOffices
Professional Reinstatement. $180 - $280. Combines medium to excessive-class finishes and expert fixtures, imparting an advanced yet no longer overly luxurious office environment. Economy Reinstatement. $100- $230. Focuses on useful and cost-green finishes, imparting a professional look with out the premium fee tag.
完Q之路（八十六）：HKFRS 16 租賃（Leases）- 承租方會計（Lessee Accounting）和租約修改（Lease ...
基本的複式記帳（Double Entry）和簡化會計. 在新的HKFRS 16裡，我們會用到的項目就是以下兩個：使用權資產（Right-of-use Asset）和租賃負債（Lease liabilities）。. 這兩個都是資產負債表的項目，但不一定是相同金額。. 簡單來說，當租約實行（commence）時，我們便要在 ...
What are reinstatement cost assessments and how are they conducted ...
Reinstatement Cost Assessment (RCA) is the basis adopted by the Royal Institution of Chartered Surveyors (RICS) for undertaking an appraisal of property, and plant and machinery/contents for insurance purposes. The term reinstatement indicates to repair, reconstruct or renew assets to a condition equal to but not better than when new. ...
PDF Reinstatement cost assessment of buildings - RICS
3 The reinstatement cost assessment - basis of assessment 3.1 This standard is intended to assist in the preparation of reinstatement cost assessments based on a site visit (see paragraph 2.7), measurement and assessment of reinstatement cost (please refer to the current edition of RICS' Property measurement for further information).
截至去年9月底，以舊會計準則計算的資產負債比率(Debt to asset ratio)只有27.3%，代表每100元總資產中，27.3元靠負債獲得，其餘72.7元靠股東權益維持。
重置成本（Replacement Cost）重置成本又称现行成本，重置成本是指按照当前市场条件，重新取得同样一项资产所需支付的现金或现金等价物金额。在实务中，重置成本多应用于盘盈固定资产的计量等。在重置成本计量下*资产按照现在购买相同或者相似资产所需支付的现金或者现金等价物的金额计量。
重置成本法（replacement cost method）重置成本法，是指在資產繼續使用的前提下，從估計的更新或重置資產的現時成本中減去應計損耗而求及的一個價值指標的方法。重置成本法就是選用一種價格指數，比如CPI，將資產購置年份時的價值換算為當前的價值，或者更好的辦法是分別調整每一項資產以反映 ...
重置成本（Replacement Cost）重置成本又稱現行成本，重置成本是指按照當前市場條件，重新取得同樣一項資產所需支付的現金或現金等價物金額。在實務中，重置成本多應用於盤盈固定資產的計量等。在重置成本計量下*資產按照現在購買相同或者相似資產所需支付的現金或者現金等價物的金額計量。
HKFRS 16 Leases - Hong Kong Institute of Certified Public Accountants
This webpage contains pronouncements, guides and articles that are relevant. to HKFRS 16 Leases. Effective Date. Financial periods beginning on or after 1 January 2019. Affected standards. Supersedes HKAS 17 Leases, HK (IFRIC)-Int 4 Determining whether an Arrangement contains a Lease, HK (SIC)-Int 15 Operating Leases—Incentives and HK (SIC ...
Reinstatement Cost Assessment of Buildings - RICS
the manner in which this information should be processed and the assessment calculated and submitted. Reinstatement Cost Assessment of Buildings, 3rd edition ( PDF 2.67MB) Published date: 19 June 2024. file_download. This publication is intended as a guide for surveyors who carry out reinstatement cost assessments of buildings.
Oregon's signature climate program gets closer to reinstatement - kgw.com
Oregon's signature climate policy is one step closer to being reinstated after it was invalidated last year. The Climate Protection Program, first created through an executive order by former ...
Here's what's in it for MLB to lift Pete Rose ban for gambling - USA TODAY
Making Rose eligible would be no harm to MLB. Reinstating Rose at age 83, which comes at no substantive cost to the league, suggests an acknowledgment of the changing sports/gambling culture ...
Minutes Rules and Regulations of The State Board of Workers' Compensation
104 Suspension/Reinstatement of Benefits. 105 Appeals to the Courts. 108 Attorney's Fees. 121 Insurance in More than One Company; Self -Insurance; Insurance by Counties and ... reasonable cost of the copies as provided by the Board-approved fee schedule. (2)The employer /insurer shall, upon the request of the employee, furnish a
PDF 54484 Federal Register /Vol. 89, No. 126/Monday, July 1, 2024 ... - GovInfo
Federal Register/Vol. 89, No. 126/Monday, July 1, 2024/Notices 54485 1 The ''continuous physical presence'' date is the effective date of the most recent TPS designation of the country, which is either the publication date of the designation announcement in the Federal Register or a later date established by the Secretary. The ''continuous residence'' date is any date