Asset Componentisation

COGS ASSOCIATES

Asset Componentisation

We are well known service provider having technical expertise for Identification of assets, grouping of assets for separate locations/ categories & Break up of assets based on the elements have materially different estimated useful lives for ‚Äúcomponent approach” in accounting for property, plant and equipment. This is not only useful in complying with Companies Act 2013 and IFRS requirements but also helps to improve the fixed assets register and make depreciation accounting more reflective. This exercise is required for the following types of assets:

  • Componentization of Plant Assets
  • Property, Plant and Equipment -Componentization