Question
A company purchases machinery for ₹10 lakh. Estimated
dismantling cost after 5 years is ₹1 lakh. The dismantling obligation is present as per contract. What should be the cost of asset as per Ind AS 16?Solution
Ind AS 16 requires that if a present obligation exists to dismantle an asset in the future, the estimated dismantling cost must be added to the cost of the asset and provided as a liability at present value.
When consent to an agreement is caused by coercion, fraud or misrepresentation, the agreement is a contract :
Copies made from original by mechanical process are?
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As per section 13 of the Central Vigilance Commission Act the expenses of the Commission, including any salaries, allowances and pensions payable to or ...
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According to Indian Partnership Act, 1932 Within how many months of attaining majority or obtaining knowledge of admission to partnership benefits must...
Which of the following is not an external aid to construction?
In which year was the Copyright Act enacted in India?
