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Question

Accounting Standard-10 deals with the following fixed assets___________.

A
Land
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B
Forests
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C
Plantations
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D
Mines
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Solution

The correct option is A Land
Accounting standard - 10 (Property, plat and equipment - updated) deals with all the fixed assets like goodwill, patent, trademarks, machinery, land etc. It deals with fixed assets in which the enterprise has invested into. In the given question AS - 10 deals with Land.

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