PDF · Notes
AS 10 Summary Chart on Depreciation of Property, Plant and Equipment for CA Inter
- Shared by
- Akshay K.
- Course
- CA Inter
- Subject
- Advanced Accounting
- Added
- 27 Oct 2026
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This one-page summary chart covers AS 10 on Property, Plant and Equipment, the accounting standard that deals with recognition, cost, depreciation and subsequent measurement of tangible fixed assets. It is written as a quick-reference chart rather than long text, so it works well for last-minute revision of Advanced Accounting. The note moves from the definition of PPE and the start of depreciation to cost components, the cost model and revaluation model, and the points on subsequent expenditure. It suits CA Inter students who need a compact recap before attempting theory and practical questions on fixed assets.
What the chart covers
The chart lists the key ideas of AS 10 in short points. It explains that depreciation starts when the PPE is ready to use and must be charged on a systematic basis, with the method, useful life and residual value reviewed at each balance sheet date. Cost is broken into purchase price, trade discounts and rebates deducted, and costs like installation, site preparation and trial run added, while non-recoverable taxes and internal profits are excluded. It also shows the two measurement models, cost model and revaluation model, and the rule that one model applies within the same class of assets.
How to use it for exam revision
Use the chart as a checklist before writing a theory answer on PPE. Go through the cost components first, then depreciation, then the cost and revaluation models, and finally subsequent expenditure, which is either capitalised or charged to the statement of profit and loss. Pair it with your standard textbook and practise a few numerical questions on cost of asset and depreciation so the rules stick. Notes on the Ind AS equivalent are also mentioned briefly, which helps where the syllabus compares the two frameworks.
Who should read it
This note is useful for CA Inter students preparing Advanced Accounting and anyone who wants a fast recap of AS 10 before the exam. It is also helpful for students revising fixed assets for commerce-level accounting exams where the same standard is covered. Read it after you have studied the full topic once, since it is built as a summary rather than a full explanation.
Key topics in these notes
- Cost of property plant and equipment
- Depreciation start and systematic method
- Useful life and residual value
- Cost model and revaluation model
- Subsequent expenditure
- Component accounting
- Borrowing costs under AS 16
- Biological assets and agricultural produce
Related notes
Frequently asked questions
What is the main content of this AS 10 PPE note?
The note is a one-page summary chart covering the definition of PPE, components of cost, depreciation, and the cost and revaluation models under AS 10.
When does depreciation start under AS 10?
As per the chart, depreciation starts when the PPE is ready to use, and it must be charged on a systematic basis.
Which costs are included in the cost of PPE?
The chart lists purchase price, installation, site preparation, trial run costs and similar costs to bring the asset to its working condition, while trade discounts and rebates are deducted and non-recoverable taxes are excluded.
Is this note useful for CA Inter Advanced Accounting?
Yes, it works as a quick revision sheet for the AS 10 topics in CA Inter Advanced Accounting. Open it free in the Studycaller app to read the full note.