Question
Under which method of depreciation, the value of a fixed
asset is reduced uniformly over its useful life?Solution
The method of depreciation in which the value of a fixed asset is reduced uniformly over its useful life is called the Straight-line method of depreciation. Under this method, the cost of the asset is spread out evenly over its useful life, and a fixed amount of depreciation is charged in each accounting period. The formula for calculating depreciation under the straight-line method is as follows: Depreciation expense = (Cost of asset – Salvage value) / Useful life
In the sentence marked as (6) in the passage, find out an error, if there is any. If there is no error, mark option 5, ‘No error’ as the answer.
Choose the most appropriate word for blank no. (i)
Find the appropriate word.
Select the most appropriate option for blank No. 5.
Fill in blank 4 with the appropriate word from the options.
Select the most appropriate option to fill in blank No.4.
According to the author rupee is not the only currency that is losing its value against dollar. How does this fact affect India?
The two sides adopted a Joint Action Plan in 2005 towards strengthening dialogue and consultation mechanisms in the political and economic spher...
Fill in the blank with the most appropriate word.
Which of the following options is most suitable for blank 5?
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