Ind AS 16 : What is the Deemed cost exemption as per Ind AS 16 ?

Ind AS 16, “Property, Plant and Equipment,” is an accounting standard that provides guidance on the recognition, measurement, depreciation, and disclosure of property, plant, and equipment in an entity’s financial statements. The “deemed cost exemption” is a provision in Ind AS 16 that allows entities to measure an item of property, plant, and equipment at…...