4. SIGNIFICANT ACCOUNTING POLICIES: d) Property, plant and equipment (Policies)
|12 Months Ended|
Dec. 31, 2020
|d) Property, plant and equipment||
d)Property, plant and equipment
Property, plant and equipment is recorded at cost less accumulated depreciation and accumulated impairment losses, if any. Depreciation, based on the estimated useful lives of the assets, is provided using the following methods:
Property, plant and equipment acquired during the period but not placed into use are not depreciated until they are placed into use.
Gains and losses on disposal of property, plant and equipment items are determined by comparing the proceeds from disposal with the carrying amount of property and equipment and are recognized in the consolidated statement of loss and comprehensive loss. The costs of the day-to-day servicing of property, plant and equipment are recognized in consolidated statements of loss as incurred.
The description of the entity's accounting policy for property, plant and equipment. [Refer: Property, plant and equipment]
Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef