As 16

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Title: As 16

Essay Details:

Subject: English

Author: Edith S

Date: May 24, 2015

Level: University

Grade: A

Length: 5 / 1322

Essay text:

However, ordinarily, a period of twelve months is considered as substantial period of time unless a shorter or longer period can be justified on the basis of facts and circumstances of the case. In estimating the period, time which an asset takes, technologically and commercially, to get it ready for its intended use or sale should be considered. The following assets ordinarily take twelve months or more to get ready for intended use or sale unless the contrary can be proved by the enterprise: i. assets that are constructed or otherwise produced for an enterprise’s own use, e.g., assets constructed under major capital expansions...

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