Depreciable amount of depreciable assets should be allocated on systematic basis.
Depreciation method selected should be applied consistently from period to period. </li></li></ul><li>DISCLOSURES<br />AS – 6 requires the following disclosures in the financial statements :<br /><ul><li>Historical cost or other amount substituted for historical cost of each class of depreciable assets.
Total depreciation for the period for each class of assets.
it deals with fixed assets such that land, building , plant and machinery, vehicles, furniture and fittings, etc.
it provides directions for proper accounting of these assets on the basis of the cost and life of fixed assets.</li></li></ul><li>DISCLOSURES :<br /><ul><li>Gross and net book values of fixed assets at the beginning and end of accounting period showing additions, disposals acquisitions and other movements.
Expenditure incurred on account of fixed assets in the course of construction or acquisition.
Valued amount substituted for historical cost of fixed assets, the method adopt to complete the revalued amounts, the nature of indices used, the year of any appraisal made, and weather an external value was involved, in case fixed assets are stated as revalued amounts.</li>
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