Question

____________ deals with Depreciation Accounting.

• A. AS-$6$
• B. AS-$7$
• C. AS-$8$
• D. AS-$2$

Answer 1

The correct option is A AS-$6$

Accounting Standard 6 deals with depreciation accounting and applies to all depreciable assets, except the following items to which special consideration apply:

1) forests, plantations and similar regenerative natural resources.

2) Wasting assets

3) expenditure on research & development

4) Goodwill

5) Live stock