MTW European Type Trapezium Mill
Input size:30-50mm
Capacity: 3-50t/h
LM Vertical Roller Mill
Input size:38-65mm
Capacity: 13-70t/h
Raymond Mill
Input size:20-30mm
Capacity: 0.8-9.5t/h
Sand powder vertical mill
Input size:30-55mm
Capacity: 30-900t/h
LUM series superfine vertical roller grinding mill
Input size:10-20mm
Capacity: 5-18t/h
MW Micro Powder Mill
Input size:≤20mm
Capacity: 0.5-12t/h
LM Vertical Slag Mill
Input size:38-65mm
Capacity: 7-100t/h
LM Vertical Coal Mill
Input size:≤50mm
Capacity: 5-100t/h
TGM Trapezium Mill
Input size:25-40mm
Capacity: 3-36t/h
MB5X Pendulum Roller Grinding Mill
Input size:25-55mm
Capacity: 4-100t/h
Straight-Through Centrifugal Mill
Input size:30-40mm
Capacity: 15-45t/h
Accounting treatment of land acquisition and demolition funds for openpit mining
Viewpoints: Reclamation Obligations (Mining) CPA Canada
Accounting for reclamation obligations requires mining entities to assess various signifcant estimates, including uncertainties related to those estimates, when determining the measure 2024年2月22日 Property, plant, and equipment (PPE) is reported at its historical cost, which is the amount of cash, or its equivalent, paid to acquire an asset, and is commonly adjusted 12 Accounting for capital projects ViewpointDescribe the accounting treatment for the disposal of property, plant, and equipment Acquisition costs of realty Acquisition costs of trucks Purchase and selfconstructed cost of assets Acquisition and Disposition of Property, Plant, and EquipmentUS GAAP Accounting treatment: Capitalize Costs • Development costs are usually carried forward until the mine is commissioned (production begins) because the expenditure is for 2012 Americas School of Mines PwC
Financial reporting in the mining industry* PwC
This edition of ‘Financial reporting in the mining industry’ describes the financial reporting implications of IFRS across a number of areas selected for their particular relevance to the 2024年5月29日 Land transactions hold significant weight in financial accounting due to their impact on a company’s balance sheet and overall financial health Properly accounting for Accounting for Land Transactions and Financial ReportingWe looked at their reporting in many of the key areas addressed by the IASB Steering Committee: accounting for exploration costs and mine development, the amortisation of capitalised costs, Financial Reporting in the Global Mining Industry IAS Plus2024年5月25日 Proper accounting for land involves several complex processes that ensure accurate representation of its value on financial statements Understanding how to account for Accounting for Land: Valuation, Depreciation, and Financial Impact
Property, Plant and Equipment IAS 16 IFRS
International Accounting Standard 16 Property, Plant and Equipment Objective The objective of this Standard is to prescribe the accounting treatment for property, plant and equipment so 2020年6月25日 Hi Expert, I am bit confusion on treatment of Demolition cost As per US GAAP • If land and building are purchased with the initial intent to use the land and demolish the building, capitalize the cost to demolish the building as land improvement • If land and building are purchased with the initial intent to use the land, demolish the building and build a new building, Treatment of Demolition cost IFRS and US GAAP2024年5月15日 Accounting Fundamentals in Mining and Metals Exploration and evaluation expenditures in the mining and metals industry pose unique accounting challenges During the exploration phase, companies assess the How do mining and metals companies account for 2022年4月4日 The key consideration when classifying a transaction as an asset acquisition or a business combination is the definition of a business In January 2017, FASB issued Accounting Standards Update (ASU) 201701, Clarifying Asset Acquisition Accounting The CPA Journal
How to account for the sale of land — AccountingTools
2024年4月24日 Accounting for the sale of land differs from the accounting for the sale of any other type of fixed asset, because there is no accumulated depreciation expense to remove from the accounting recordsThis is because land is not depreciated, on the theory that land is not consumed (as is the case with other fixed assets) When you sell land, the first step is to 2021年9月8日 Instead, you must capitalize the demolition expenses (less any salvage value) and the remaining tax basis to the underlying land, which isn’t depreciable So, the main difference is to include the remaining value and demolition cost to the new building for accounting vs to new land for taxBuilding demolition accounting and tax treatmentTo ensure consistent accounting treatment and reporting for land holdings while considering user information needs, the Federal Accounting Standards Advisory Board (FASAB or “the Board”) is proposing to do the following: • Reclassify general property, plant, and equipment (GPPE) land as a noncapitalizedACCOUNTING AND REPORTING OF GOVERNMENT LAND FASABMany entities have obligations to dismantle, remove and restore items of PPE – often referred to as ‘make good’ For example, an entity that leases premises may be required to make good the premises, by restoring it to its original or a specified condition at the end of the leaseAccounting for decommissioning, restoration and similar provisions
272 Demolition costs Viewpoint
2024年2月6日 An entity might acquire a property and demolish some of the existing buildings in order to construct new buildings Demolition costs are capitalised as part of the investment property if they are directly attributable to bringing the asset to the location and condition for its intended use [IAS 16 paras 16(b), 17(b)] Depending on the condition of the acquired It also incurs demolition and site clearance costs of $ 50,000 It constructs a new warehouse on the site for further costs of $ 500,000 Analysis In this example, the land has a fair value of $ 900,000 and the building $ 100,000 On a relative fair value basis, 90% of the acquisition cost of $ 900,000 are therefore allocated to the land Technical Accounting Alert Grant Thornton1 Chapter 10 presents a discussion of the basic accounting problems associated with the incurrence of costs related to property, plant, and equipment; and the accounting methods used to retire or dispose of these costs These assets, also referred to as fixed assets, are of a durable nature and include land, building structures, and equipment Fixed assets are an important Chapter 10 Intermediate Accounting : Review Acquisition and There are specific requirements outlined in ISA 16 for the accounting treatment of land, including: Land under development for future use is only recognized as an asset once it reaches a significant completion stage and is ready for its intended purpose Land held for sale in the ordinary course of business is not recognized as an assetAccounting For Land Revaluation: Increase and Decrease
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Accounting for property, plant and equipment under FRS 102
other than land and buildings open market value as assessed by the directors is normally used, but incomebased valuations or depreciated replacement cost may be used for those specialised assets where an open market valuation is not readily available Treatment of revaluation movements on PPE Revaluation gains in excess ofo The accounting treatment of the environmental rehabilitation obligations, decommissioning costs, ongoing rehabilitation costs, rehabilitation funds and changes to those estimates o Financial instruments used to provide for future rehabilitation obligations o Estimated figures for environmental rehabilitation and mine closure obligations, andFINANCIAL PROVISIONING FOR REHABILITATION AND MINE To be eligible, a project must result in property acquisition and structure demolition or relocation, and the acquisition and demolition or relocation must meet all of the requirements of 44 CFR Part 80 and adhere to the following guidance on open space restrictions governing the use of award funds and the use of acquired real propertyA Property Acquisition and Structure Demolition or Relocation for Open 2021年8月14日 Closure planning is a fundamental requirement for all existing and planned future mines However, there are no accepted industry guidelines for how to assess options for open pit closure or for (PDF) Geotechnical Guidelines for Open Pit Closure – a new
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ACC 211 Test Bank ch10 CHAPTER 10 ACQUISITION AND
Describe the accounting treatment for costs subsequent to acquisition Describe the accounting treatment for the disposal of property, plant, and equipment 10 5 Acquisition and Disposition of Property, Plant, and Equipment 10 Test Bank for Intermediate Accounting: IFRS Edition TRUEFALSE—Conceptual2024年2月22日 PPE 1212 discusses the accounting treatment for costs incurred during the preacquisition stage ASC 970340 provides additional guidance regarding the accounting for internally generated preacquisition costs ASC 31020559 and ASC 310205510 provide guidance on distinguishing between internal and external costs (ie, costs related to 17 Real estate projects for sale or rental ViewpointThe objective of this Standard is to prescribe the accounting treatment for property, plant and equipment so that users of the financial statements can discern information about an entity’s investment in its property, plant The acquisition of such property, plant and equipment, although not directly increasing the future economic benefits ofProperty, Plant and Equipment IAS 16 IFRS2024年2月1日 Cost is the purchase price, including directly attributable expenditures Such expenditures include transaction costs (such as legal fees and property transfer taxes) and, for properties under construction not subsequently measured under the fair value model, borrowing costs in accordance with IAS 23241 Accounting for transaction costs, startup costs and
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Acquisition Accounting: Definition, How It Works, Requirements
2020年12月15日 Acquisition accounting is a set of formal guidelines describing how assets, liabilities, noncontrolling interest and goodwill of an acquired company must be reported by the purchaserBasics of US Mining Accounting pwc Christie GreveSenior Associate Alex MayberrySenior Associate Molly Hepburn The basic accounting treatment of these six phases will be discussed throughout the course 7 Stages 1 2: • Provide the basis for acquiring funds through borrowings and PwC2012 Americas School of Mines PwCProperty acquisition and structure demolition projects involve the purchase of structures and underlying land in a hazardprone area and the removal of the structures, thus converting the land to open space The owner of the acquired property must voluntarily agree to sell the land, and the property must beJob Aid: Acquisition and Demolition FEMAgov2018年1月1日 To improve landuse management of open pit mining enterprises, the characteristics of transportless technological schemes for several coal seams strata surface mining are highlighted and observed(PDF) GeoEnvironmental Problems of Open Pit
ACCOUNTING FOR CAPITAL ASSETS
Includes land, improvements to land, easements, buildings, building improvements, vehicles, machinery, equipment, works of art and historical treasures, infrastructure and all other tangible or intangible assets that are used in operations and that have initial useful lives extending beyond a single reporting period 42007年2月15日 Full demolition – When an entire building or piece of e quipment is demolished, the asset and accumulated depreciation are written off, and a loss on demolition is recorded to object code 8722, “Loss on Sale/Disposal of Capital Asset” for the difference The costs associated with the demolition are expensed as incurredHARVARD UNIVERSITY FINANCIAL POLICY2024年4月19日 Accounting for Land Improvements If land improvements have a useful life, they should be depreciated If there is no way to estimate a useful life, then do not depreciate the cost of the improvements If land is being prepared for its intended purpose, then include these costs in the cost of the land asset They are not depreciatedHow to account for land improvements — AccountingTools2023年7月20日 Fixed asset accounting and journal entries Fixed asset accounting refers to the action of recording an entity’s financial transactions for its capital assets For organizations reporting under US GAAP, ASC 360 is the appropriate accounting standard to followFixed Asset Accounting Explained w/ Examples, Entries More
Chapter 26 LAND AND Building Intermediate Accounting Valix
Land and Building chapter 26: Chapter 26 LAND AND Building Intermediate Accounting Valix VOL1 2021 Editio Land and Building Course Accountancy , Title guarantee insurance 50, Legal fees for purchase contract and recording title 150, Demolition of old building 200, Total initial carrying amount of land 4,400, Problem 263: 2024年4月25日 Purchase Consideration The vendor firm (ie, the firm selling the business) and the vendee must agree on the price of acquiring the business The purchase price, or purchase consideration, is the price payable by the purchasing company to the vendor as a consideration for the business taken overThis price is determined by an agreement between the vendor and Acquisition of a Business Definition, Calculation, and ExampleDuring the acquisition, construction, development, and/or normal operation of an asset, companies may also incur costs related to asset retirement and/or environmental obligations For details regarding the accounting for asset retirement obligations refer to PPE 3 For details regarding the accounting for environmental obligations refer to PPE 9Property, plant, equipment and other assets Viewpoint2021年10月1日 Taxpayers generally must capitalize amounts paid to improve a unit of property A unit of property is improved if the cost is made for (1) a betterment to the unit of property; (2) a restoration of the unit of property; or Capitalized improvements vs deductible repairs
Accounting treatment for acquisition of land
2015年12月4日 $4m to land owner within 30 days aft the completion of road works for all units – Balance to land owner (Co A) within 30 days aft the issuance if Certificate of Completion and Compliance 1 What is the accounting treatment for Land in the account of Land owner ( Co A) to IFRS upon:acquisition of Landupon signing of JV agreement2023年11月1日 Openpit mining clearly offers a number of economic advantages over underground mining, especially now that mineralprocessing technology has advanced to the stage where very lowgrade ores can be OpenPit Mining Method and Process Epiroc US2024年5月15日 Land status and mineral entry: A review to determine if public lands are open for mineral entry under the General Mining Law of 1872 Filing claims : Companies must locate, stake, and record mining claims with the BLM to establish How Should Mining Companies Handle the Accounting for 2018年12月7日 This test is only a safe harbor, but the IRS points out that there is no “bright line to determine when a demolition has occurred” Taxpayers often “renovate” a property by tearing down large portions of the original structure, leaving just enough in place to comply with local zoning or other mon depreciation missteps and misconceptions: Demolition
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Accounting for Merger and Acquisition Transaction Costs
2018年4月25日 Prior to 2009, merger and acquisition (MA) transaction costs were capitalized and recorded as part of the purchase price of a business combination But with the issuance of FASB 141Revised (which became effective in late 2008 or 2009), things changed dramatically Under the revised Generally Accepted Accounting Principles (GAAP) guidelines, direct MA 2024年10月30日 Pros And Cons Of Open Pit Mining Are you aware that open pit mining is responsible for extracting around 90% of the world’s mineral ores? This type of mining involves digging a large hole in the ground to access valuable minerals and metals Open pit mining has been used for centuries, but it comes with both advantages and disadvantages20 Pros and Cons of Open Pit Mining AblisonDemolition costs incurred in conjunction with the acquisition of real estate may be capitalized as part of the cost of the acquisition if the demolition (a) is contemplated as part of the acquisition and (b) occurs within a reasonable period of time after the acquisition, or is delayed, but the delay is beyond the entity’s control (eg, demolition cannot commence until the end of an Accounting for Replacement of a Building : r/Accounting2021年7月1日 To our clients and other friends The guidance for real estate project costs is contained within Accounting Standards Codification (ASC or the Codification) 970, Real Estate — General, and primarily addresses whether costs associated with acquiring, developing, constructing, selling or renting real estate projects (other than real estate projects developedA comprehensive guide Real estate project costs
410 Acquisition, development, and construction arrangements
ASC 310102519 In an acquisition, development, and construction arrangement in which the lender participates in expected residual profit, in addition to the lender's participation in expected residual profit, the following characteristics suggest that the risks and rewards of the arrangement are similar to those associated with an investment in real estate or joint venture: