As-28 applicability
This query is : Resolved
varun dev panwar
(Querist)
24 June 2015
Does AS-28 "Impairment of Assests" applicable on LAND ?
CMA Ramesh Krishnan
(Expert)
24 June 2015
AS-28 will apply on all assets except
(a) inventories (see AS 2, Valuation of Inventories)
(b) assets arising from construction contracts (see AS 7 Construction Contracts)
(c)financial assets, including investments that are included in the scope of AS 13, Accounting for Investments; and
(d) deferred tax assets (see AS 22, Accounting for Taxes on Income).
(a) inventories (see AS 2, Valuation of Inventories)
(b) assets arising from construction contracts (see AS 7 Construction Contracts)
(c)financial assets, including investments that are included in the scope of AS 13, Accounting for Investments; and
(d) deferred tax assets (see AS 22, Accounting for Taxes on Income).
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