Which of the following would not be included in the cost of an item of property, plant and equipment?

3. Refundable value is not inculded

3.refundable value add tax

3. REFUNDABLE VALUE ADDED TAX.

REASON :-  As per AS -10 "Valuation of Fixed Asset" , Cost of fixed asset comprises :-

1. Purchase Price ( Invoice Price ) except refundable taxes.
2. Direct Cost of bringing asset to its working condition.
3. Expense on Commisioning and Start Up , For Example - test run , site preparation.
4. Administrative and other general overhead should be excluded.

Which of the following would not be included in the cost of an item of property, plant and equipment?

Refundable value added tax

Testing costs

Delivery and installation charges

Site preparation costs