Syllabus B1. Tangible Non-current Assets 1 / 15

a) Define and compute the initial measurement of a non-current asset (including borrowing costs and an asset that has been self-constructed ).
b) Identify subsequent expenditure that may be capitalised, distinguishing between capital and revenue items.
c) Discuss the requirements of relevant accounting standards in relation to the revaluation of non-current assets.
d) Account for revaluation and disposal gains and losses for non-current assets.
e) Compute depreciation based on the cost and revaluation models and on assets that have two or more significant parts (complex assets).
f) Discuss why the treatment of investment properties should differ from other properties.
g) Apply the requirements of relevant accounting standards to an investment property.
Tangible Non-current Assets