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PPE After a Hurricane: Derecognition, Rebuilds, Componentization & Impairment (IAS 16, IAS 36, IFRIC 1)
November 5, 2025by Dr Dawkins Brown
Post-disaster accounting for property, plant and equipment (PPE)—from damage assessment and derecognition, to componentized rebuilds, impairment testing at the CGU level, and changes in asset-retirement/cleanup obligations—with clean separation from insurance and grants. When a hurricane hits fixed assets, your books need to tell a disciplined story: Record the loss: Derecognize destroyed components at carrying...
