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AS 6 'Depreciation Accounting' was withdrawn upon the revision of which standard?
AAS 2
BAS 26 Intangible Assets
CAS 10 Property, Plant and Equipment
DAS 28 Impairment of Assets
Answer & Solution
Correct answer: C. AS 10 Property, Plant and Equipment
1. Step 1: Per Ch 1, "AS 6 on Depreciation Accounting has been withdrawn on revision of AS 10 Property, Plant and Equipment".
2. Step 2: AS 10 absorbs depreciation guidance for PPE.
3. Step 3: Hence (B) is correct.
_Source: ICAI BoS CA Inter Paper 1, Ch 1 "Introduction to Accounting Standards"_