Carrying amount of an asset as on 1st April 2015 is Rs. 1500000 and depreciation for the year 2015 - 2016 is 15000. Fair value of the asset less cost of disposal as on 31 March 2016 is Rs. 120000. Which of the following is the carrying amount at 1st April 2106?
A) 120000
B) 135000
C) 150000
D) 165000
Correct Answer:
Verified
Q1: Borrowing cost are,
A)Interest and other cost that
Q2: Borrowing cost do not include,
A)Interest on debentures
B)Incremental
Q3: Total borrowings used for construction of an
Q4: An entity shall cease capitalizing borrowing cost
Q5: Capitalization of borrowing cost should not cease
Q7: Ind AS 2 deals with…
A)Inventories
B)Depreciation
C)Employee benefits
D)Financial reporting
Q8: An item of property , plant and
Q9: Inventory allocated to the construction of fixed
Q10: Ind AS 38 deals with…….
A)Tangible assets
B)Impairment
C)Intangible assets
D)Borrowing
Q11: …………. are the amount of income tax
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