Which accounting standard in India deals with

Q: Answer-Which accounting standard in India deals with depreciation accounting?

AS 10 Revised, Property, Plant and Equipment, prescribes the accounting treatment for PPE, including the recognition of depreciation, determination of useful life, and choice of depreciation method.

depreciation accounting?

A AS 10 - Property, Plant and Equipment Correct Answer Incorrect Answer

B AS 2 - Inventories Correct Answer Incorrect Answer

C AS 13 - Accounting for Investments Correct Answer Incorrect Answer

D AS 9 - Revenue Recognition Correct Answer Incorrect Answer

Solution

AS 10 (Revised), "Property, Plant and Equipment," prescribes the accounting treatment for PPE, including the recognition of depreciation, determination of useful life, and choice of depreciation method.

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