Fixed assets

Accountancy

Hello sir What is the treatment that can be made if a fixed asset is being maintained in the factory which is in unusable condition ie breakdown for more than 5 years

Valli Kotapati

CA Final

★ 5

09-Oct-23 14:24

480

Answers (3)

there is a concept of impairment of asset. We need to check as per that. Covered by AS 28

CA Suraj Lakhotia

Admin

09-Oct-23 17:36

Ind AS 36

CA Suraj Lakhotia

Admin

09-Oct-23 17:36

Okay sir thank you

Thread Starter

Valli Kotapati

CA Final

★ 5

09-Oct-23 17:42