1- how expense incurred by firm to sell fixed assets is recorded in the books of accounts ?
2- a firm incurred a cost to demolish its building to construct a new bigger building so does the expenses for demolishing is capital expenditure??
Even though your qualified as an accountant, you're not sure about it? Lower of carrying amount or FVLCS is the measurement. This is for held for sale.
Demolition provisions will be used against your second criteria. I dont want to be too clear about it not unless you have a clear idea India AS CA!
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