Financial and Management Accounting

1: AS -10 (Accounting Standard on Fixed Assets) does not deal with accounting for the following items to which special considerations apply
A.
Forests, plantations and similar regenerative natural resources
B.
Wasting assets including material rights, expenditure on the exploration for and extraction of minerals, oil, natural gas and similar non-regenerative resources
C.
Expenditure on real estate development and livestock
D.

None of the above

 

Answer : D

Explanation :

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Option: A

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