Full impairment of a Property Plant and Equipment Purchased in the Current Financial Year

Rajapaksha, S.R.; Silva, N.L.C.

Full impairment of a Property Plant and Equipment Purchased in the Current Financial Year

Rajapaksha, S.R.; Silva, N.L.C.

URI: http://repository.kln.ac.lk/handle/123456789/12201

Citation: Rajapaksha, 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.

Date: 2016

Abstract:

‘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.

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