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Dear Members
We have purchased a Polypropylene plant. Along with the plant, we have received some machinery free of cost. These free of cost machinery has a market value and can be purchased from market.
Should i recognize these free of cost machinery which is a part of main machinery.
If yes, what should be the procedure in light of IFRSs.
We have purchased a Polypropylene plant. Along with the plant, we have received some machinery free of cost. These free of cost machinery has a market value and can be purchased from market.
Should i recognize these free of cost machinery which is a part of main machinery.
If yes, what should be the procedure in light of IFRSs.