Accounting Standards- AS
Highlights of AS-10- Property, Plant and Equipment 1. Applicability - This AS Applied in accounting for property, plant and equipment except when another Accounting Standard requires or permits a different accounting treatment. 2. This Standard does not apply to: (a) biological assets related to agricultural activity other than bearer plants ( not apply to the produce on bearer plants) ; and (b) wasting assets including mineral rights, expenditure on the exploration for and extraction of minerals, oil, natural gas and similar non-regenerative resources. However, this Standard applies to property, plant and equipment used to develop or maintain the assets described in (a) and (b) a...