01 April 2024
cost of an item of property plant & equipment comprises:
the initial estimate of the cost of dismantling, removing the item and restoring the site on which it is located, referring to as decommissioning, restoration and similar liabilities; the obligation for which an Enterprise incurs either when the item is acquired or as a consequence of having used the item during a particular period for purposes other than to produce inventories during the period.
primarily explaination required from "or as a consequence......"
CAclubindia
