Book value & Market value of machinery on 31.3.2015 was ₹ 1,00,000 & ₹ 1,10,000 respectively. As of 31.3.2019, if the company values the machinery at ₹ 1,10,000, which of the following valuation principle is being followed

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Book value & Market value of machinery on 31.3.2015 was ₹ 1,00,000 & ₹ 1,10,000 respectively. As of 31.3.2019, if the company values the machinery at ₹ 1,10,000, which of the following valuation principle is being followed






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