AS-10 Fixed Assets
This query is : Resolved
10 August 2008
My Client purchased an asset on 01-04-2004. on 01-05-2007 company got asubsidy from govt relating to this asset.
How this subsidy amount treat in books?
Is it depreciation reworking from o1-04-2004 needed or not?
How this subsidy amount treat in books?
Is it depreciation reworking from o1-04-2004 needed or not?
14 August 2008
Please refer the Accounting Standard - 12 Accounting of govt. grant.
firstly try this urself. if not get a solution then i m always there to solve ur prob.
firstly try this urself. if not get a solution then i m always there to solve ur prob.
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