Property, Plant and Equipment are defined as,

Related MCQs

• An entity must measure its Property, Plant and Equipment after initial recognition at,
• An item of property , plant and equipment that qualifies for recognition as an asset shall be measured at
• A property developer must classify properties that it hold for sale in the ordinary course of business as
• Adjustment of the carrying amount of an asset or liability or the consumption of an asset is defined as,
• Events after the end of the reporting period are defined as:
• Total borrowings used for construction of an office building are Rs.30, 00000. Entity issued 8% debentures worth 10,00000 for this purpose and balance amount was utilized from its common pool including 10% bank loan of Rs.1000000 and 9.5% bank loan of Rs.1000000. What is the amount of borrowing cost to be capitalized?
• Activities that result in changes in the size and composition of equity capital and borrowing of an entity are called
• ………………..is the process of determining the monetary amounts at which the elements of financial statements are recognized and carried in the financial statements.
• 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?
• As per IFRS15, an agreement between two or more parties that creates enforceable right and obligation is called….