Question
An oil company constructs a drilling platform at a cost
of ₹200 crore. It estimates a dismantling cost of ₹30 crore at the end of 25 years. The present value of this dismantling cost is ₹7 crore. How should this be accounted for initially?Solution
The present value of dismantling costs (₹7 crore) is added to the initial cost of the asset, making the capitalised cost ₹207 crore, and a provision is recognised for the same amount.
Which cities does the first Namo Bharat Rapid Rail connect?
In Nov 2017, Moody’s rating for India is upgraded to –
The GST Council was constituted under which Indian Constitution article?
What is India's rank in recently released Environment Protection Index?
Which one of the following states recently launched ‘Single Click Pension Delivery Scheme ‘?
Under the PM GatiShakti initiative launched by Piyush Goyal, what technology is primarily used in the national master plan portal for infrastructure pla...
The statue of Khasrapan Lokeshwar from Nalanda is related to whose reign?
If CAT is coded as DBU, how is DOG coded?
Which legendary footballer of Brazil recently retired from football world?
Which of the following leaders associated with the Jats of Barout in Uttar Pradesh during the 1857 revolts?
