ICDS-V explains how to classify and value tangible fixed assets and how their actual cost is determined. It also specifies what details must be disclosed in Form 3CD, including the description of assets, rate of depreciation, cost or written down value, additions or deductions during the year, date of put-to-use, input tax credit claimed, currency exchange differences, subsidies or grants, allowable depreciation, and closing written down value. Understanding ICDS-V ensures proper asset reporting