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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.
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A and B started a business by investing sum in the ratio 3:4 respectively for 8 and 10 months respectively. If annual profit earned by B is Rs.1200, the...
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A and B started a business by investing Rs.300 and Rs.400 respectively. After 6 months, A increased his investment by Rs.800. Find the ratio of annual p...