hi frnds
plz tell whether we can devalue the assets as per AS 10 after the introduction of As 28 on all leve
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AS 10
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| Originally posted by :ankit goyal | ||
| " | hi frnds plz tell whether we can devalue the assets as per AS 10 after the introduction of As 28 on all leve |
" |
First of all we should know that AS10 applies to Gross Block of asset whereas AS 28 speaks about Net Block.In case if any time asset had been revalued and thereafter you are again reducing the gross block then AS 10 will apply.If you want to devalue the asset first time AS 28 shall apply.
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