Rajapaksha, S.R.Silva, N.L.C.2016-03-172016-03-172016Rajapaksha, S.R. & Silva, N.L.C. 2016. Full impairment of a Property Plant and Equipment Purchased in the Current Financial Year. Case Studies in Accounting “Bridging the Gap”, 03: pp. 78-79. Department of Accountancy, Faculty of Commerce and Management Studies, University of Kelaniya, Sri Lanka.http://repository.kln.ac.lk/handle/123456789/12201‘LSI Rubbers (PVT) LTD’ is operating as a group of companies, which produces and sells Rubber, Tea, Coconut and Cinnamon. Major portion of its income is recorded to be received from rubber production. A machine has been purchased by the company which causes for about major portion of surgical gloves produced to be recognized as defects.enArticle