S1: Depreciation is the gradual decrease in the market value of an asset. S2: Depreciation is the systematic allocation of the depreciable amount of an asset over its useful life. Which statement(s) is/are correct?
Explanation:
Deprecation is not a valuation process but an allocation process of historical cost over the useful life. It does not measure the decrease in market value. S1 is incorrect, S2 is correct.
Explanation:
Ind AS 102 requires cash-settled share-based payments to be measured at the fair value of the liability, which must be remeasured at the end of each reporting period and at the date of settlement until it is paid.
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