This Statement deals with depreciation accounting and applies to all depreciable assets, except the following items to which special considerations apply: –
- Forests, plantations and similar regenerative natural resources;
- Wasting assets including expenditure on the exploration for and extraction of minerals, oils, natural gas and similar non-regenerative resources;
- Expenditure on research and development;
- Goodwill;
- Live stock:- Cattle, Animal Husbandry
