CA Final All FR notes

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BIG UPDATE 💔💔💔 CA Final Exam to be held twice a Year (May & Nov) From May’26 Exam Onwards NO SEPTEMBER @caupdatesalllevel

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AG Limited is developing a new production process. During 20X1- 20X2, expenditure incurred was 11 lakhs of which 8 lakhs was incurred before 1st January, 20X2 and 3 lakhs was incurred between January and March 20X2. The company is able to demonstrate that on 1st January, 20X2, the production proc…

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C Ltd. has CGU ‘1' and CGU '2' having carrying value of INR 40 lakhs and INR 60 lakhs. The Company has a corporate office building having carrying value of INR 20 lakhs which is not included in CGU '1' and CGU ‘2'. The recoverable amount, based on Value in use is INR 36 lakhs for CGU '1' and INR 76 …

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Water Ltd.. has a CGU 'X' and carrying amount of the non-current assets allocated to this CGU as on 31 Mar 2022 are as under:- Goodwill = INR 140 lakhs. Machines used in manufacturing = INR 1,100 lakhs. Recoverable amount = INR 800 lakhs. Calculate the revised carrying amounts of the intangible and…

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Tommy Ltd.. purchased a machinery for INR 23 lakhs on 1 Apr 2012. The Useful life was 20 years and the estimated Residual value was INR 3 lakhs. The company is following straight line method of depreciation. On 31 Mar 2022, the company has realized some indicators for impairment and estimated the f…

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MG India Limited has purchased an equipment on 1 Apr 2018. Some evidence is available from internal reporting that indicates that the economic performance of an asset is, or will be, worse than expected as on 31 Mar 2022. The CFO of AIG wants to know the disposal cost for impairment testing of equip…