Initially at cost and then can be revalued. You mean to say consist?
Initially recognised at cost! Even if anyone buys second hand car at fair value, it is always recorded initially at cost. I need evidence with paragraph numbers if this isn't the case.
Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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CAclubindia
