Question
A Ltd owns land and building which are carried in its
balance sheet at an aggregate carrying amount of 10 million. The fair value of such asset is 15 million. It exchanges the land and building for a private jet, which has a fair value of ₹20 million, and pays an additional 3 million in cash. As per Ind AS 16 what should be the cost?Solution
Fair value of the asset given up is used to measure the cost of the asset received unless the fair value of the asset received is more clearly evident.
Which law describes the relationship between the force applied to a spring and its extension or compression?
What is the value of 1 horsepower in watts? Â
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A particle is projected such that its velocity vector sweeps equal angles with horizontal at equal time intervals. The motion is best described as:
A Zener diode differs from a regular diode in that:
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