Accounting for Depreciation Under AS-6

This Statement deals with depreciation accounting and applies to all depreciable assets, except the following items to which special considerations apply: –

  • Forests, plantations and similar regenerative natural resources;
  • Wasting assets including expenditure on the exploration for and extraction of minerals, oils, natural gas and similar non-regenerative resources;
  • Expenditure on research and development;
  • Goodwill;
  • Live stock:- Cattle, Animal Husbandry
Presentation of Income Statement under AS-5

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