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What Is Difference Between Stock-in-trade And Stores And Spares. Which Of These Is Inventory ?

buying sparepart

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Spare components cost 7.5% of the total present cost of the equipment. What can be the possible therapies of this case in relation to IAS 16 and IAS 2.

Should we treat it like when the corporate is consolidating. When the cost of repair becomes a big share of the cost of replacement, it becomes economically favorable to easily order a substitute part. In such circumstances, the half is alleged to be “beyond economic repair” (BER), and the percentage associated with this threshold is named the BER rate. Analysis of economic tradeoffs is formally evaluated using Level of … Read More

What's the variations between service elements and spare elements?

buying sparepartThe Contractor shall assist the Company for the timely supply FOB of all spares in order that by means of common and normal transportation they are going to be on hand at the Site in advance of the time for the beginning of precommissioning. The Contractor shall expedite the delivery, examine the major spare components, examine all tagging of the spare elements, check invoices, and ahead one copy of every packing list to the Company as quickly as attainable after shipment. One copy of the packing listing shall be filled with every shipment. and different special objects could also be included within the Contract within the lump sum price and/or as reimbursable gadgets. However, in any case, an expert staff of the Company consisting of the required specialists in the numerous fields is required to evaluation the Contractor and/or Vendor(s) recommendations and concern ultimate Company approval for provide of spare components.

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Spare components price 7.5% of the total current price of the machinery. What may be the possible treatments of this case in relation to IAS sixteen and IAS 2.… Read More