An entity must measure its Property, Plant and Equipment after initial recognition at,

Related MCQs

• An item of property , plant and equipment that qualifies for recognition as an asset shall be measured at
• The cost of intangible asset at initial recognition is measured at its fair value when,
• Property, Plant and Equipment are defined as,
• …..are resources controlled by the entity as a result of past events and from which future economic benefits are expected to flow to the entity.
• 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?
• …………….is the residual interest in the asset of an entity after deducting all liabilities
• At the point of harvest an entity measures fruits (agricultural produce) that it picks from its orchards (biological assets):
• Activities that result in changes in the size and composition of equity capital and borrowing of an entity are called
• A property developer must classify properties that it hold for sale in the ordinary course of business as
• Which method depreciation is most appropriate for the entity to compute depreciation for the significant parts of the aircraft?