As per Indian Accounting Standard 16 a company at its discretion can follow whether cost model or fair value model for subsequent measurement of the assets and once choosen the company has to adopt to that particular model indefinitely so that’s not the problem the problem is that it’s understandable that there land cost is very low but what about fresh capex that was done in recent years what about cost of machinery that was incurred? Because from 2021 to 2024 company has increased its capacity from 1 lakh ton to 6 lakhs ton that’s why
| Subscribe To Our Free Newsletter |
