AS-10

https://cawinners.com/as-10-fixed-assets/

but its objectives are explained again in simple word and meaning

4

Objective of the standard
The objective of this Standard is to prescribe the accounting treatment for property, plant and equipment.
Principal issues in accounting for property, plant and equipment are; Recognition of the asset.
The determination of their carrying amounts.
The charges of depreciation. Impairment losses to be recognized in relation to the asset. 
:-)

@ Priya
nothing understood 🤣