Fixed assets purchased in foc
This query is : Resolved
18 April 2019
Dear Sir, Our company has purchased tools from related group company. Can anyone guide me is it allowable as per AS-10. May I disclose the assets with zero value in Fixed Asset Register.
Shashikant Varshney
(Expert)
19 April 2019
There is no violation of AS-10. You can show them as 0.01 in you FAR.
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