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AS 12

Accountancy

If the asset is accounted for a nominal value of say ₹1 or ₹10 and the useful life is 10yrs, then what will be the amount of depreciation that will be charged for the useful life of the asset? Video Details P1 - Accounting Standards - CA Inter (New) AS 12 2. Grants for Specific Depreciable Fixed Assets


Mahesh Ram

Mahesh Ram

CA Inter

0

09-May-24 09:01

56

Answers (1)

Best Answer

Depreciation will not be charged as it is immaterial


CA Suraj Lakhotia

CA Suraj Lakhotia

Admin

09-May-24 09:10

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