(g) Property, plant and equipment
Items of property, plant and equipment are measured at cost less accumulated depreciation and accumulated impairment losses.
As no finite useful life for land can be determined, related carrying amounts are not depreciated.
Depreciation of property, plant and equipment is recognized in profit or loss over the estimated useful lives using the following rates and methods:
|
|
Building |
|
4% declining balance |
|
|
Leasehold improvements |
|
amortized over the life of the lease |
|
|
Production & development equipment |
|
30% declining balance |
|
|
Computer hardware |
|
30% declining balance |
|
|
Computer software |
|
100% declining balance |
|
|
Office equipment |
|
20% declining balance |
Gains or losses arising on the disposal of property, plant and equipment are determined as the difference between the disposal proceeds and the carrying amount of the assets and are recognized in profit or loss.