Original cost at which asset or liability is acquired is known as ..

Related MCQs

• Adjustment of the carrying amount of an asset or liability or the consumption of an asset is defined as,
• 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?
• Amount attributed to the asset or liability for tax purpose is called
• 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
• The cost of intangible asset at initial recognition is measured at its fair value when,
• A biological asset used in agricultural activity whose fair value is readily determinable without undue cost or effort is accounted for using:
• A……………………..is the liability of uncertain timing and uncertain amount.
• Which of the following asset is not coming under the scope of Ind AS 16?
• …………….is the residual interest in the asset of an entity after deducting all liabilities
• An intangible asset (other than goodwill) is,