The cost of a fixed asset should comprise: (i) Its purchase price (ii) Any attributable cost of

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The cost of a fixed asset should comprise:

(i) Its purchase price

(ii) Any attributable cost of bringing the asset to its working condition for intended use

(iii) Overhead of purchase department relating to the purchase of asset

Which of the following is correct ?
A. (i) only
B. (i) and (ii) only
C. (i), (ii) and (iii)

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Corporate Accounting As Per The Companies Act 2013 Including Rules 2014 And 2015

ISBN: 9789352605569

2nd Edition

Authors: M Hanif, A Mukherjee

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Question Posted: Aug 18, 2023 01:32 PM

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The cost of a fixed asset should comprise: (i) Its purchase price (ii) Any attributable cost of

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Corporate Accounting As Per The Companies Act 2013 Including Rules 2014 And 2015

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