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Change in useful economic life of an asset is change in accounting estimate, which is to be applied prospectively, i.e., the depreciation charge will need to be recalculated. On 1st January, 20X4, when the asset's net book value is 60,000. The company should amend the annual provision for depreciation to charge the unamortized cost (namely, 60,000) over the revised remaining life of four years. Consequently, it should charge depreciation for the next four years at 15,000 per annum.
Which regulator is responsible for overseeing the functioning of REIT and InvIT in India?
Which type of planning is typically focused on the long-term objectives of an organization?
Which of the following products of a bank can have credit risk?
A. fund based loans
B. non fund based loans
C. treasury products
Job ___________ is the process of describing jobs and arranging their interrelationships.
As per the Gazette Notification on the new criteria for classifying the enterprises as Micro, Small and Medium enterprises, what is the maximum investme...
Which of the following financial reports are considered to be of the lowest quality? Financial reports that reflect:
In case of banks deals with Mutual Funds, which combination among the following will be applicable for the regulatory Purposes?
The 29th Conference of Parties (COP-29) in Azerbaijan will emphasize what theme?
Consider the following statements about the participants in the derivatives market:
1. Hedgers use derivatives to manage or mitigate risk by taki...
Consider the following statements with reference to GIFT City:
1) GIFT City is a Special Economic Zone (SEZ) located in the state of Guj...