AS 6 defines depreciation as a measure of the wearing out, consumption or other loss of value of a depreciable asset arising from use, passage of time or obsolescence through technology and market changes. Depreciation is allocated so as to charge a fair proportion of the depreciable amount in each accounting period during the expected useful life of the asset. Depreciation includes amortisation of assets whose useful life is predetermined. The depreciable amount of a depreciable asset should be allocated on a systematic basis to each accounting period during the useful life of the asset.
Who was recently appointed as the new chairman of the Central Board of Direct Taxes (CBDT)?
What is the effective date for the higher D - SIB buffer requirements for State Bank of India ( SBI ) and HDFC Bank?
NTPC's initiative aimed at tackling gender inequality through workshops for girls is known as what?
The _______________ won SKOCH Award in Silver category for its work towards combating Crime and Violence against Children.
The World Trade Organization (WTO) released its 2023 edition of the World Trade Statistical Review (WTSR), its annual flagship publication featuring key...
What is the primary role of the MisrSat-2 satellite jointly developed by China and Egypt?
Which Indian state became the first to come up with a gender budget which will clearly list out the expenditure on schemes meant for welfare of women?
How much has the centre disbursed as interest-free 50-year capex loans to states out of the sanctioned amount of Rs 1.1 trillion so far in the current f...
When was the International Solar Alliance (ISA) conceptualized?
Which bank has partnered with the Institute of Rural Management Anand (IRMA)to enhance and expedite the advancement of financial inclusion (FI) and fi...
