Which of the following asset is not coming under the scope of Ind AS 16?
A) Factory building
B) Sales Van
C) Right to extract fuel from Government owned field
D) All of the above
Correct Answer:
Verified
Q6: Indian Accounting Standard 3 (AS3) deals with….
A)Amalgamation
B)Lease
C)Cash
Q7: Accounting profession of India is governed by………………….
A)ICAI
B)Ministry
Q8: Property, Plant and Equipment are defined as,
A)Tangible
Q9: An entity must measure its Property, Plant
Q10: Which method depreciation is most appropriate for
Q12: An intangible asset is identified when,
A)It is
Q13: The cost of intangible asset at initial
Q14: The useful life of an intangible asset
Q15: Impairment loss is recognised when,
A)Carrying amount of
Q16: An entity assesses inventories for impairment,
A)Only when
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