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<h1>CAS-16: Guidelines for Measuring Depreciation and Amortization in Cost Statements for Tangible and Intangible Assets.</h1> The Cost Accounting Standard 16 (CAS-16) issued by the Institute of Cost Accountants of India outlines principles and methods for measuring and assigning depreciation and amortization in cost statements. It aims to ensure uniformity and accuracy in determining these costs, applicable to both tangible and intangible assets. The standard defines key terms, sets out measurement principles, and provides guidelines for assigning costs to relevant objects. It mandates separate presentation of these costs in statements and requires disclosures of distribution bases, revaluation impacts, and any changes in accounting principles. CAS-16 became effective from April 1, 2014.