AS-6 (revised) is applicable to which one of the following assets?

Question

Quizplus · Accepted Answer

AS-6 (revised) deals with the depreciation accounting and is applicable to all depreciable assets, except those specifically excluded by the standard. Among the options given, Plant and Machinery is a depreciable asset to which AS-6 (revised) applies. Goodwill, Live stock, and Plantation are not typically subject to depreciation in the same manner as tangible fixed assets like Plant and Machinery.

AS-6 (Revised) Is Applicable to Which One of the Following