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.
The new ₹100 denomination banknotes in the Mahatma Gandhi (New) Series feature which motif on their reverse side?
What is the name of the bilateral military exercise between the Indian Army and the Royal Oman Army?
Which ISRO center developed the Global Navigation Satellite System-Reflectometry (GNSS-R) instrument?
M1 is defined as:
What is the maximum limit for gold investing in a Sovereign Gold Bond Scheme by a trust?
Consider the following pairs:
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Who composed the patriotic song 'Vijayi Vishwa Tiranga Pyara'?
Which of the following is not a Credit Rating Agency
Which of the following continents had the least population density according to the 2011 census?
How many types of justice, liberty, equality and fraternity in that same order have been mentioned in the preamble of the constitution of India?
