AS 10 (PPE)

answered on 17-Feb-23 23:47

Sometimes we take the value of PPE (asset) equivalent to its carrying amount in our books. Why are we considering carrying amount of any asset equivalent to it's actual value or FMV (in case real FMV isn't available) , how can it be same because carrying amount of asset is the depreciated amount in our books and ofcourse it will always be less than the value of asset purchased recently. How can these 2 be same?

latest answer

Okk got it

Garima Bhargava

CA Inter

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358

Doubts

answered on 17-Feb-23 11:57

Could anyone explain be that What is Cum and ex internet price Under As 13 i did not understanding Can anyone explain the basic examples? Thank in advance :)

latest answer

Thanks to both of you(seniors)

Balachandar S

CA Inter

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Investment accounts relating to brokerage

answered on 20-Feb-23 21:05

At the time of calculation of cost of purchase of debentures We have to calculate commission on quoted price For example ex int 90 cum int 100 Incase of ex int we calculate based on 90 If cum int we have to subtract int in 100 or we want calculate it on 100

latest answer

Commission is generally paid on the transaction price. So on the total amount paid or received. Questoins will specify

Sentoor Kumaran

CA Inter

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AS10

answered on 17-Feb-23 10:45

In above eg (pic) since amusement park is working at 80% operating capacity can we say that it is not ready for its intended use yet and that's why the additional cost of soft trial run should be capitalised? (Basically what does "operating capacity is 80%" mean here)

latest answer

Got it, thanks

Garima Bhargava

CA Inter

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4

258

Partnership accounting

answered on 16-Feb-23 20:13

What is the procedure when question is silent about goodwill retention in books.. Should we write off the goodwill which shown in trial balance?

latest answer

If you observe.. Good will shown on balacesheet was wrote off and calculated goodwill shared among partners according to goodwill allocation method... Some problems they just wrote off goodwill shown on .. In some problems they revalued according to calculated goodwill and revaluation profit will be shared among the partners and goodwill still appear on the books after retirement /admission / death.. What is the correct way to follow sir

Someswar Reddy

CMA Inter

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287

AS 16 - Borrowing cost - ICAI Illustration 2

answered on 16-Feb-23 07:54

Please explain the concept behind computing "weighted average accumulated expenses" in this illustration.

latest answer

Thank you so much

Girinath A

CA Inter

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450

AS 10 and AS 13

answered on 15-Feb-23 12:19

Will Nature of Asset as PPE and Investment differ industry to industry ??

latest answer

Yes, it differs.

Varun Mulay

CA Final

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4

236

AS 4

answered on 15-Feb-23 09:51

In this case, the theft of cash is an adjusting or non adjusting event ? Pls give reason

latest answer

Thank you sir

Neha Baliga

CA Inter

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Amalgamation in the nature of merger

answered on 15-Feb-23 20:02

When the share capital of selling company is more than the Purchase consideration, the difference between the two, how will it be adjusted as amalgamation adjustment reserve ?

latest answer

Thank you Shivaji Hari . In the case of Shares ISSUED< share CAPITAL, the difference amount should be credited to Capital Reserve only as per AS 14

Dhivyaa Latha

CA Inter

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As10

answered on 15-Feb-23 14:12

Can anyone clarify this?

latest answer

This chart summarises the treatment.

Kamal Kumar

CA Inter

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