AS -10 (Accounting Standard on Fixed Assets) does not deal with accounting for the  following items to which special considerations apply
A. Forests, plantations and similar regenerative natural resources
B. Wasting assets including material rights, expenditure on the exploration for and  extraction of minerals, oil, natural gas and similar non-regenerative resources C. Expenditure on real estate development and livestock
D. None of the above

1 Answer

Answer :

D. None of the above

Related questions

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Last Answer : A. Fixed assets must always be shown at market value

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Description : Consistency with reference to application of accounting procedures means a) All companies in the same Industry should use identical accounting procedures b) Income & assets have not been overstated c ... uniform basis year after year d) Any accounting method can be followed as per convenience

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Description : In income measurement & recognisation of assets & liabilities which of the following concepts goes together ? (a) Periodicity, Accural, Matching (b) Cost, Accural, matching (c) Going concern, cost, Realization (d) Going concern, Periodicity, Reliability

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Description : Which of the following is a non-regenerative fixed bed catalytic reforming process? (A) Hydroforming (B) Thermofor catalytic reforming (C) Platforming (D) Hyperforming

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