As 10
This query is : Resolved
26 September 2014
what is consolidated price of fixed assets
26 September 2014
consolidated price referred to in AS 10 means where you buy several assets without apportioning prices to individual assets.
For eg: you buy 10 trucks of different types at Rs 1 cr consolidated price. Now you dont know what is the price of truck and you cannot apportion Rs 10 lakh each as each truck is different. In such cases AS 10 suggest that the the cost should be apportioned on a fair basis as determined by a competent valuer.
For eg: you buy 10 trucks of different types at Rs 1 cr consolidated price. Now you dont know what is the price of truck and you cannot apportion Rs 10 lakh each as each truck is different. In such cases AS 10 suggest that the the cost should be apportioned on a fair basis as determined by a competent valuer.
01 October 2014
in simple words a lumpsum amount........
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Depreciation of fixed assets- coop housing society in mumbai
- Reopen of assessment proceeding
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- TDS on Consultancy- Non DTAA
- Eway bill generation from place other than registeted
- Query – TDS on purchase of land from NRI under Income-tax Act, 2025
- GST rate and HSN code for sale of racing horses
- DIN reactivation
- Condonation . E-Verification of last year return .
- EPF FULL & FINAL RULES IN 2026
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
