In Directly Attributable cost like Pre Production Testing Cost is Rs. 100/- and Sale proceeds of Output be Rs. 150/- then What is the Net amount added to cost of asset ? Is it Rs.0 or -50 should be added to Cost ??
The amount of net proceeds to the extent pre production cost (i.e. 100) should be adjusted against the testing cost and excess of Rs.50 taken into Profit n loss account as income.
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Introduction 0:31
Initial recognition 4:40
Provision for site restoration 8:17
Deferred payment and barter 14:47
Subsequent expediture 19:32
Subsequent valuation 22:44
Depreciation 29:03
40:36 qns
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Hello Sir,
From where can I buy the charts for FR and what is the name of the book.
In Directly Attributable cost like Pre Production Testing Cost is Rs. 100/- and Sale proceeds of Output be Rs. 150/- then What is the Net amount added to cost of asset ? Is it Rs.0 or -50 should be added to Cost ??
Net should be added i.e 50
The amount of net proceeds to the extent pre production cost (i.e. 100) should be adjusted against the testing cost and excess of Rs.50 taken into Profit n loss account as income.
@@divyam2993 nope i dont think so.kindly check again. we need adjust with cost only.
Okay