Adjustment of the carrying amount of an asset or liability or the consumption of an asset is defined as,

Related MCQs

• 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?
• When the recoverable amount of an asset is less than its carrying value in the statement of financial position, the asset is said to be
• Amount attributed to the asset or liability for tax purpose is called
• Original cost at which asset or liability is acquired is known as ..
• A……………………..is the liability of uncertain timing and uncertain amount.
• 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
• Which of the following asset is not coming under the scope of Ind AS 16?
• An intangible asset (other than goodwill) is,
• An intangible asset is identified when,