With reference to AS-10 Revised, classify the items under the following heads: HEADS () Purchase Price...

Transcribed Image Text:

With reference to AS-10 Revised, classify the items under the following heads: HEADS () Purchase Price of Property, plant and Equipment (PPE) (ii) Directly attributable cost of PPE or (i) Cost not included in determining the carrying amount of an item of PPE. ITEMS (1) import duties and non-refundable purchase taxes. (2) Initial delivery and handling costs. (3) Initial operating losses, such as those incurred while demand for the output of an item builds up. (4) Costs incurred while an item capable of operating in the manner intended by management has yet to be brought into use or is operated at less than full capacity. (5) Trade discounts and rebates. (6) Costs of relocating or reorganizing part or all of the operations of an enterprise. (7) Installation and assembly costs. (8) Administration and other general overhead costs. With reference to AS-10 Revised, classify the items under the following heads: HEADS () Purchase Price of Property, plant and Equipment (PPE) (ii) Directly attributable cost of PPE or (i) Cost not included in determining the carrying amount of an item of PPE. ITEMS (1) import duties and non-refundable purchase taxes. (2) Initial delivery and handling costs. (3) Initial operating losses, such as those incurred while demand for the output of an item builds up. (4) Costs incurred while an item capable of operating in the manner intended by management has yet to be brought into use or is operated at less than full capacity. (5) Trade discounts and rebates. (6) Costs of relocating or reorganizing part or all of the operations of an enterprise. (7) Installation and assembly costs. (8) Administration and other general overhead costs.

Answer rating: 100% (QA)

1 Import duties and non ref und able purchase taxes Direct ly attributable cost of P PE 2 Initial delivery and handling costs Cost not included in det... View the full answer