I would Like to know the practical applicability of AS-28
How do we calculate Recoverable Amount of an Asset and its implication as per AS-22 for Deferred Tax calculation.
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Replies (1)
very difficult to explain whole AS 28 here.
I can tell you how to calculate Recoverable amount. its calculated as higher of the following
1) net selling price of Asset.
2) Value in use of the asset.
Practically many condition should be fullfilled before applying AS-28. you should refer a book to study it. in case of any problem you can ask....
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