https://www.taxtmi.com/acts?id=20024 The standard sets uniform principles for classifying, measuring and assigning repairs and maintenance cost, aggregating direct and indirect costs, handling in house and outsourced jobs, valuing replaced and reconditioned spares, amortising major overhauls, excluding finance and imputed costs, treating standard cost variances, and netting subsidies and recoveries, while excluding material abnormal costs and penalties; assignment to cost objects should be by tracing or by cause and effect or benefits received apportionment, and material repairs and maintenance costs must be separately presented and disclosed with specified details. en-us Fri, 11 Sep 2015 17:48:14 +0530 Fri, 11 Sep 2015 17:48:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=20024 The standard sets uniform principles for classifying, measuring and assigning repairs and maintenance cost, aggregating direct and indirect costs, handling in house and outsourced jobs, valuing replaced and reconditioned spares, amortising major overhauls, excluding finance and imputed costs, treating standard cost variances, and netting subsidies and recoveries, while excluding material abnormal costs and penalties; assignment to cost objects should be by tracing or by cause and effect or benefits received apportionment, and material repairs and maintenance costs must be separately presented and disclosed with specified details. Act-Rules Companies Law Fri, 11 Sep 2015 17:48:14 +0530 https://www.taxtmi.com/acts?id=20024