The cost of replacing an asset in its original condition is known as……

Related MCQs

• In case of electricity companies, contingency reserve is created until it amounts to ….. of the original cost of the fixed assets.
• Which of these is an allowable cost of an asset under Ind AS 16?
• Which of the following is not a component of cost of an asset?
• What is the net amount an entity expects to obtain for an asset at the end of its useful life?
• The ratios that shows the capacity of the business unit to meet its short term obligation out of its short term resources is known as ______
• The original amount of preference share capital should be transferred to ............ account in the time of amalgamation in the books of vendor co.
• The original amount of preference share capital should be transferred to ............ account in the time of amalgamation in the books of vendor co.
• Under Ind AS 16 how often the useful life of an asset should be reviewed?
• Under Ind AS 16 if an asset is idle
• What is the amount an asset could achieve if sold between knowledgeable, willing parties in an arm’s length transaction?