Fixed assets disclosure: standardized schedule for cost, depreciation and net block reconciliation in annual accounts filings. The schedule prescribes a standardized table for fixed assets disclosure requiring opening cost, additions, deductions, and closing cost (gross block), parallel accumulated depreciation movements and resulting net block for specified asset categories, with capital work in progress shown separately and totals reconciled for inclusion in the annual statement of accounts.
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.
Fixed assets disclosure: standardized schedule for cost, depreciation and net block reconciliation in annual accounts filings.
The schedule prescribes a standardized table for fixed assets disclosure requiring opening cost, additions, deductions, and closing cost (gross block), parallel accumulated depreciation movements and resulting net block for specified asset categories, with capital work in progress shown separately and totals reconciled for inclusion in the annual statement of accounts.
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