$A S - 6$ deals with depreciation accounting and applies to all depreciable assets, except _____________.

Forests, plantations and similar regenerative natural resources

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Wasting assets and expenditure on research and development

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Goodwill and livestock

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All of the above

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Solution

The correct option is D All of the above
AS−6 deals with depreciation accounting and applies to all depreciable assets, except
1. Forests, plantations and similar regenerative natural resources
2. Wasting assets and expenditure on research and development
3. Goodwill and livestock

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Q. _______ has defined depreciation as "a measure of the wearing out, consumption or other loss of value of a depreciable asset arising from use, effluxion of time of obsolescence through technology and market changes. Depreciation is allocated so as to charge a fair proportion of depreciable amount in each accounting period during the expected useful life of the asset. Depreciation includes amortization of assets whose useful life is predetermined.

Q. According to

A S - 6

, 'Depreciable assets' are assets which __________.

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AS−6 deals with depreciation accounting and applies to all depreciable assets, except _____________.

The correct option is D All of the aboveAS−6AS−6 deals with depreciation accounting and applies to all depreciable assets, except1. Forests, plantations and similar regenerative natural resources2. Wasting assets and expenditure on research and development3. Goodwill and livestock

$A S - 6$ deals with depreciation accounting and applies to all depreciable assets, except _____________.

The correct option is D All of the above
AS−6 deals with depreciation accounting and applies to all depreciable assets, except
1. Forests, plantations and similar regenerative natural resources
2. Wasting assets and expenditure on research and development
3. Goodwill and livestock