AS 10 says asset should be recognised when there will be future economic cash flow from asset.
then how will we recognise furniture and fixtures, Air conditioner etc?
Menu
AS 10 PPE
Replies (1)
The above assets also result in cash flow as sale price includes all cost incurred suc as purchase cost, salary and wages, dep on assets etc
Recent Topic
- Business income source for husband and wife
- Set off of LTCL against STCG under section 536(2n)
- Audit Workflow tool
- Is CA through direct entry easy for a commerce stu
- Dividend and withholding tax - DTAA- RSU
- NRI Query: Capital Gains Tax Exemption under Secti
- Royalty payment to UK
- Calculate ITR2 tax with equity and non equity prof
- LTCG on residential property sale - Rebate?
- TDS MISMATCH AND AIS
Related Topics
CAclubindia
