Multiple choice

An entity under AS 10 should disclose the information relating to

  1. the gross and net book values of fixed assets at beginning and end of an accounting period showing additions, disposals, acquisitions and other movements

  2. expenditure incurred on account of fixed assets in the course of construction or acquisition

  3. revalued amounts substituted for historical costs of fixed assets with the method applied in computing the revalued amount in the financial statements

  4. All of the above
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Correct Answer: revalued amounts substituted for historical costs of fixed assets with the method applied in computing the revalued amount in the financial statements

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