ICDS 5 vs. AS 10

The corresponding AS to ICDS 5 'Tangibe Fixed Assets' is AS 10 'Accounting for Fixed Assets'.

Point of Difference

Basis	AS - 10	ICDS - 5
Applicability	Applies to tangible fixed assets and goodwill.	Applies only to tangible fixed assets.
Revenue non monetary item	Machinery spares - charged to P&L For specific asset - capitalised	Machinery spares capitalised only when it can be used only with an item of tangible fixed asset and their use is expected to be irregular.
Asset acquired against non monetary consideration	Cost of acquired asset - FMV or NRV of asset given up adjusted for any balancing payment or receipt of cash or other consideration.	Actual cost of asset acquired - its fair value
Fixed asset acquired in exchange of shares	Cost of asset - FMV of asset OR FMV of securities issued, whichever is more clearly evident.	Actual cost of asset acquired - its fair value
Assets acquired for a consolidated price	When several assets are acquired at consolidated prices, the consideration is apportioned on fair basis as determined by competant valuers.	When several assets are acquired at consolidated prices, the consideration is apportioned on fair basis.