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As per Ind AS 16 on Property Plant and Equipment (PPE) the cost of the item of PPE includes: · The purchase price, which includes the import duties and any non-refundable taxes on such purchase, after deducting rebates and trade discounts · Costs which are directly attributable to bringing assets to the condition and location essential for it to operate in a manner as intended by the management · Initial estimate of costs of removing and dismantling an item and restoring a site where it is located As such, in above, all costs will be added. Testing in above case is associated with initial purchase and would be included. Subsequent testing will be part of maintenance expense. Cost of machine = 1500000+25000+18000+40000 = Rs.15.83 lakh
To whom among the following the American Institute of Aeronautics and Astronautics conferred the Missile Systems Award 2019?
Which of the following is NOT one of the scheduled public sector banks in India?
Window is to pane as a book is to
Geto Sora won the Arena Junior (Boys) International Badminton Championship. He belongs to which state?
Which of the following statements about GDP and Welfare are correct?
1) GDP of a country is a indicator of welfare of the people.
2) If GD...
Which of the following is a site of archaeological importance in Jammu and Kashmir?
Who has been appointed as the new Chairperson of the International Financial Services Centres Authority (IFSCA) in July 2023 by the Indian government?
Who is the writer of ‘The silent cry’?
Reliance Industries has raised ______ through 10-year bonds at a coupon of 7.79 per cent.
Which of the following is a financial strategy that should be understood and used by investors because of the advantages it offers?