https://www.taxtmi.com/acts?id=20028 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. en-us Fri, 11 Sep 2015 17:50:34 +0530 Fri, 24 Apr 2026 11:59:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=20028 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. Act-Rules Companies Law Fri, 11 Sep 2015 17:50:34 +0530 https://www.taxtmi.com/acts?id=20028