Shashi Bhushan
(Learner, Jalandhar)
(996 Points)
Replied 30 December 2009
very difficult to explain whole AS 28 here.
I can tell you how to calculate Recoverable amount. its calculated as higher of the following
1) net selling price of Asset.
2) Value in use of the asset.
Practically many condition should be fullfilled before applying AS-28. you should refer a book to study it. in case of any problem you can ask....
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