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Furthermore, the determination of whether an expenditure represents an asset or an expense can have a material effect on an enterprise’s reported results of operations.

As per the Accounting Standard-10, Fixed assets are to be valued at Cost.

Now if a person arises question that: “what would be Cost of Assets’, then answer will be Cost includes certain items which are discussed below:

Components of Cost:

The Cost of an item of Fixed assets comprises its purchase price including

import duties and other non-refundable taxes or levies and any directly

attributable cost of bringing the asset to its working condition for its intended

use; any trade discounts and rebates are deducted in arriving at the purchase

price...

Furthermore, the determination of whether an expenditure represents an asset or an expense can have a material effect on an enterprise’s reported results of operations.

As per the Accounting Standard-10, Fixed assets are to be valued at Cost.

Now if a person arises question that: “what would be Cost of Assets’, then answer will be Cost includes certain items which are discussed below:

Components of Cost:

The Cost of an item of Fixed assets comprises its purchase price including

import duties and other non-refundable taxes or levies and any directly

attributable cost of bringing the asset to its working condition for its intended

use; any trade discounts and rebates are deducted in arriving at the purchase

price...

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Material Society, Material Thoughts expansion of the Federal governmrnts power, at the expense of sectionalism Proposal for Cutting Operational Expense The Pearl: Material Society, Material Thoughts Consumption And Expenditure Patterns On Daily Meals Of Uplb Students Who Are Residing In Dormitories monthly expense plan reported speech (in German) represents Sale of asset The Effect of Exchange Rate Changes on Hedge Funds' Net Asset Value The Human Resources Expenditure he current drug treatment for depression represents one of the greatest fallacies in the history of medicine. Our society is overly materialistic. We center our lives on acquiring material things at the expense of such traditional values as family and education. Why Do Governments Find It So Hard To Control Public Expenditure? Putting the Enterprise into the Enterprise System

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