Discuss the Depreciation for Property, Plant and Equipment.

Depreciation of an asset like PPE begins when it is available for use and when it is in the
location and condition necessary for it to be capable of operating in the manner intended by
management. Each part of an item of property, plant and equipment with a cost that is
significant in relation to the total cost of the item shall be depreciated separately. Also, the
depreciation charge for PPE each period shall be recognised in profit or loss unless it is
included in the carrying amount of another asset and shall be allocated on a systematic basis
over its useful life so that it reflects the pattern in which the asset’s future economic benefits are
expected to be consumed by the entity. Moreover, depreciation of an asset ceases at the earlier
of the date that the asset is classified as held for sale (or included in a disposal group that is
classified as held for sale) and the date that the asset is derecognised. Through depreciation,
value of property, plant, and equipment reduces on the balance sheet