Accounting treatment of free of cost assets received as per ind as16
Krishna Rayabagakar (Manager Accounting) (34 Points)
29 August 2016Krishna Rayabagakar (Manager Accounting) (34 Points)
29 August 2016
Rahul Thakur
(2 Points)
Replied 25 February 2019
When you received the asset you must capitalize it with credit to deemed equity contribution from Parent Company and subsequently charge off the asset over the useful life and accordingly you can add mark up.