IndigoLearn

Forums

All Topics Accountancy Auditing Corporate & Other Laws Direct Taxation Indirect Taxation Financial Management Economics Costing Strategic Management Maths & Stats Exams Others AFM Financial Reporting CFA Level I

AS 12

Accountancy

If the asset is accounted for a nominal value of say ₹1 or ₹10 and the useful life is 10yrs, then what will be the amount of depreciation that will be charged for the useful life of the asset? Video Details ------------- P1 - Accounting Standards - CA Inter (New) AS 12 #2. Grants for Specific Depreciable Fixed Assets

Mahesh Ram

CA Inter

★ 0

09-May-24 09:01

Answers (1)

Best Answer

Depreciation will not be charged as it is immaterial

CA Suraj Lakhotia

Admin

09-May-24 09:10

IndigoLearn

We have been revolutionising learning paths for students of CA, CFA, CMA, US CMA, and ACCA since 2017 . “Learn Like Never Before” & ‘ Students-first ’ are the cornerstones of our approach. We take immense pride in having enabled 13,000 + students succeed in some of the toughest examinations in the world & are grateful to them for the love and respect they have showered us with, over the years.