alleryStart learning →The cost of an intangible acquired in exchange is fixed under:
AAS 10 Fixed Assets
BAS 16 Borrowing Costs
CAS 2 Inventories
DAS 22 Taxes on Income
Answer & Solution
Correct answer: A. AS 10 Fixed Assets
For exchanges and part exchanges, AS 26 points to the principles of AS 10 on fixed assets.
Keep practising AS 26 Intangible Assets
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Related questions
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