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Amendments: Ind AS 16- Property, Plant and Equipment

Introduction As per Ind AS 16, cost of Property, Plant and Equipment (PPE) comprises of the following ▪ Purchase price: Purchase price, including import duties and non-refundable purchase taxes, after deducting trade discounts and rebates ▪ Directly attributable costs: Any costs directly attributable to bringing the asset to the location and condition necessary for it …

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