CASE STUDY 4Gross carrying amount of plant and machineryis Rs.1000 lacs and accumulated depreciationis Rs.20 lacs. It is f...
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Ias 16 case study 4

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Transcript of "Ias 16 case study 4"

  1. 1. CASE STUDY 4Gross carrying amount of plant and machineryis Rs.1000 lacs and accumulated depreciationis Rs.20 lacs. It is found that market value ofthe asset is Rs.1000 lacs in its second handcondition.What is the accounting treatment as per IAS16?

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