Cost of inventory is a sum of

Related MCQs

• Cost of inventory does not include
• Inventory allocated to the construction of fixed asset should be……
• The cost of intangible asset at initial recognition is measured at its fair value when,
• Borrowing cost are,
• Borrowing cost do not include,
• 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?
• An entity shall cease capitalizing borrowing cost when
• Capitalization of borrowing cost should not cease when
• 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?
• A biological asset used in agricultural activity whose fair value is readily determinable without undue cost or effort is accounted for using: