Chapter 6

Valuation of Tangible Fixed Assets

Tangible fixed assets, such as plant and machinery, enable companies to produce goods/services and provide marketing and administrative support to their businesses. They lead to the generation of operational revenue, which speaks of their crucial importance. Hence, the need for their proper valuation.

CHAPTER OBJECTIVES

This chapter seeks to enable you to develop knowledge and understanding of:

  1. Meaning, identification and significance of tangible fixed assets.

  2. Research in corporate financial reporting on fixed assets.

  3. Scope and coverage of AS-10 on ‘Valuation of Fixed Assets’.

  4. Principles and norms ...

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