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Under the written down value (WDV) method of depreciation, the WDV of the asset is always more than zero. The WDV of an asset is the value of the asset after deducting the accumulated depreciation from its original cost. Under the WDV method, depreciation is charged at a fixed percentage on the WDV of the asset each year, which means that the WDV will decrease each year. However, the WDV can never be zero or less than zero because the asset still has some value, even if it has been fully depreciated.
A contract between you and an insurance company in which you make a lumpsum paymentor a series of payments and in return obtain regular disbursements be...
In private motor insurance, separate rates apply for vehicles below and above:
What is NOT an element of an insurance contract?
Identify the correct full form of GAAT?
An individual who may become eligible to receive payment due to will, life insurance policy, retirement plan, annuity, trust, or other contract is known...
Which of the following is NOT a common type of insurance policy?
The 'Insured's Declaration' form typically includes information about:
Consider the following statement:
I. Section 25 of IRDAI Act, 1999 lays down for establishment of Insurance Advisory Committee.
II. I...
What is the purpose of "File and Use" regulations?
A policy that covers financial losses due to delays in project completion caused by accidental damage is: