Question
Depreciation is charged on __________ as per theÂ
___________ of accounting.Solution
Non-Current assets like fixed assets are a result of Capital Expenditures. Depreciation is charged on long term fixed assets. Since the Non-Current Assets give the benefits for more than one year therefore, the cost cannot be taken as expense in the year of acquisition. As such, the matching concept is applied to charge depreciation over the useful life of the non-current asset.
Can the extension of the period of corporate insolvency resolution process be granted more than once as per the IBC section 12?
Indian Evidence Act does not expressly mention about
The resolution professional shall file an application to the Adjudicating Authority to extend the period of the corporate insolvency resolution process ...
Which of the following is a feature of doctrine of colorable legislation?
In execution of decree of money-
Where by a contract of sale, the seller purports to effect a ………………… the contract operates as an agreement to sell
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When no interest is specified in the instrument, interest on the amount due thereon, shall be calculated at the rate of__________________ as per the NI ...
Under which condition can the Board suspend the letter of approval granted to a Developer under Section 10(1)?
An application for the renewal of a driving licence can be made either prior to or within ____________ time period after its expiry as per the Motor Veh...
