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    • Question

      Which of the following leads to de-recognition of PPE

      under Ind AS 16?
      A Temporary idle use Correct Answer Incorrect Answer
      B Transfer to inventory Correct Answer Incorrect Answer
      C Exchange for similar asset with no commercial substance Correct Answer Incorrect Answer
      D When no future economic benefits are expected from use or disposal Correct Answer Incorrect Answer

      Solution

      PPE is de-recognised when it is either disposed of or no longer provides future economic benefits as per para 67 of Ind AS 16.

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