The base standards for PPE is IAS 16 Property implant and Equipment and IAS 36, detriment of Assets. For US GAAP the standards are located in ASC 360 Property, Plant and Equipment, ASC 410-20, Asset Retirement Obligations-Asset Retirement Obligations, and ASC 835-20 Interest Capitalization of Interest. The primary standard for impalpable Assets is IAS 38. For US GAAP the standards are ASC 350-30. The simple standards for inventories is IAS 2 and for US GAAP the standard is ASC 330.
2. Method for measure alpha fetoproteins goodwill, other intangible assets, and PPE:
Goodwill is value at historic terms. Goodwill arising on acquisition of a occupation is carried at cost as established at the date of acquisition. (AFP Financial Statements, post 4, F-20 Item J-1)
Other Intangible Assets are valued at their historical cost as well. Intangible assets acquired in a business combination and acknowledge separately from goodwill are initially recognized at their fair value at the acquisition date (which is regarded as their cost).
Subsequent to initial recognition, intangible assets acquired in a business combination are reported at cost little accumulated amortization and accumulated impairment loss. (AFP Financial Statements, handbill 4, F-20 Item J-2,J-3)
Property Plant and Equipment is valued at historical cost. Items of property, plant and equipment are measured at acquisition cost less accumulated depreciation and impairment losses, if any. (AFP Financial Statements, Note 4, F-20 Item k.
Inventory Valuation:
AFP Provida has a fine amount of inventories and those inventories are also valued at historical cost. Specifically the lower of cost or net-realizable value. The inventories are declared at the lower of cost and net realizable value. AFP Financial Statements, Note 4, F-19, Section I.
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