Accounting · Ind AS and Accounting Standards
Under Indian Accounting Standards (Ind AS 16), which valuation method is standard for the initial recognition of a newly acquired asset like Property, Plant and Equipment (PPE)?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Fair Value
- 2Historical Cost✓
- 3Revaluation Model
- 4Net Realisable Value (NRV)
Correct answer
Historical Cost
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