Question
TechCo upgraded its machinery in Year 3 of its 5-year
life, extending useful life by 3 years. WDV before upgrade is ₹60 lakh; upgrade costs ₹15 lakh. Disclosures under Ind AS 16 require what accounting treatment?Solution
Under Ind AS 16, enhancements extending service life are capitalized as part of the asset. The total revised WDV (₹75 lakh) is depreciated over remaining 5 years (original + extension).
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