India - Trade Survey: NSS 53rd Round, Schedule 2.41.2, January 1997 - December 1997

Additions of assets through purchase,own construction and rented net of sold and discarded during the last year are to be recorded against these items. Total amount payable for the assets pur­chased will be considered here. If the asset is a gifted one, it may be evaluated at market price. Own construction for building will mean improvement by fencing, extension etc. For transport equipment and other fixed assets, own construction will mean re­placement of some major parts by which the life of the asset in question will be increased. The amount payable for such improve­ment may be considered. After assessing the value of additions during the last year,it may be made net of the values of assets sold or discarded/stolen/damaged/gifted. For assets sold, actual value received may be considered. Discarded assets may be eval­uated at market price. Net additions of building and other con­struction will be recorded against item 11 and that for transport equipment will be recorded against item 12. Net additions to other fixed assets will be noted against item 13.