Financial and Management Accounting

1: In case the depreciable assets are revalued, the provision for depreciation is based on
A.
The revalued amount on the estimate of the remaining useful life of such assets
B.

Original cost of the assets

C.

Depreciated value of the assets

D.

AS - 6 is silent in this regard

 

Answer : A

Explanation :

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Option: A

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