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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
In the absence of both the President and Vice President, who assumes the role of the President of India as per the Constitutional provisions?
Section 10 of CPC is related to:
A transfer Rs. 500 to his niece C if she will desert her husband. The transfer is
When service of summons has to be made on defendant and he is absent from his residence and not likely to return in a reasonable time, which of the foll...
Which courts are authorized to try offences punishable under the MSMED Act?
Which chapter of the IPC delas with offences affecting human body?
The teacher asked the students to __________ their homework by the end of the week.
The IRDA has the power to make regulations______________
Whoever by words, either spoken or written, or by signs, or by visible representation, or otherwise, brings or attempts to bring into hatred or contempt...
A collateral event is an event