Under IFRS, Property, Plant and Equipment should be broken down to its major components and depreciated accordingly.

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Under IFRS, Property, Plant and Equipment should be broken down to its major components and depreciated accordingly. This is known as componentization and is required in order to accurately reflect the useful life and depreciation of each component, rather than applying a general depreciation rate to the entire asset.

Under IFRS, Property, Plant and Equipment Should Be Broken Down