... property, plant, and equipment; plant and equipment; and fixed assets 9-2 Plant Assets Plant assets are critical to a company’s success Illustration 9-1 9-3 Determining the Cost of Plant Assets ... related to accounting for intangible assets Accounting for Intangible Assets Franchises and Licenses Contractual arrangement between a franchisor and a franchisee ► BP (GBR), Subway (USA), and Europcar ... to property, plant, and equipment, IFRS Similar to property, plant, and equipment, IFRS permits revaluation of intangible assets to fair value, permits revaluation of intangible assets to fair...