Pattern of economic benefits to be derived from the asset which should be the basis for the choosing the depreciation methods for the fixed assets under the ias 16 (property, plant, and the equipment)
Net income and the revenues, for example, the forms of the economic benefit. Profit and the net cash flow are also the economic benefits. An economic benefit may also refer to the reduction in something such as the cost. For example, the lower raw material or the labor costs are the economic benefits.
A market economy is to promotes the free competition among the market participants. Notable benefits of the market economy should be increased efficiency, the production, and the innovation also.
To know more about economic benefits visit:
brainly.com/question/20975415
#SPJ4
