Anil a builder wants to sell a property in Hyderabad. The value of that property is 25 lakhs. The people who are already residing in that particular property are not willing to vacate. Anil and those people came to a settlement that they’ll vacate if Anil pays them 10 lakhs
a) How should these ten lakhs be treated? What costs are they? Do they add up to the value of asset?
CAclubindia
