AS-10: Accounting For Fixed Assets

AS-10: Accounting For Fixed Assets PowerPoint PPT Presentation


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The objective of A/S 10 is to explain the procedure, the value of an asset is summed up. Dealing with various expenses and expenditure which are included in the value of the asset, depending on the circumstances they are incurred. . Components of CostDirect Cost

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AS-10: Accounting For Fixed Assets

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1. AS-10: Accounting For Fixed Assets

2. The objective of A/S 10 is to explain the procedure, the value of an asset is summed up. Dealing with various expenses and expenditure which are included in the value of the asset, depending on the circumstances they are incurred.

3. Components of Cost Direct Cost & Taxes Administration & General Overheads Expenditure on Start-up of Project Self Constructed Fixed Assets Elimination of Internal Profits Non Monetary Consideration

4. Improvements & Repairs Amount Substituted For Historical Cost Retirement & Disposal Disposal of Previously Revalued Item Valuation of Fixed Assets in Special Cases Hire Purchase Joint Ownership Goodwill

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