Depreciation and amortisation rules set uniform measurement, cost allocation, and disclosure requirements for cost statements. Standard on depreciation and amortisation governs measurement, assignment, presentation and disclosure in cost statements. It lays down uniform principles for determining depreciable amount, useful life, residual value, and the timing and methods of depreciation and amortisation, including treatment of additions, revaluation-related excess depreciation, impairment loss, idle assets, and assets used to produce another asset. It also requires cost-object allocation where feasible, with apportionment on cause-and-effect or benefits-received bases where direct tracing is not possible, and mandates separate presentation and material disclosures in the cost statement.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Depreciation and amortisation rules set uniform measurement, cost allocation, and disclosure requirements for cost statements.
Standard on depreciation and amortisation governs measurement, assignment, presentation and disclosure in cost statements. It lays down uniform principles for determining depreciable amount, useful life, residual value, and the timing and methods of depreciation and amortisation, including treatment of additions, revaluation-related excess depreciation, impairment loss, idle assets, and assets used to produce another asset. It also requires cost-object allocation where feasible, with apportionment on cause-and-effect or benefits-received bases where direct tracing is not possible, and mandates separate presentation and material disclosures in the cost statement.
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