Start learning 50% faster. Sign in now
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.
Aruna Sairam, T M Krishna and Gayathri Girish are associated with which form of music?
The first printed edition of the Ramcharitmanas by Tulsidas was published from ______ in 1810.
The Financial Access Survey, launched in 2009, is a supply-side dataset on access to and use of financial services aimed at supporting policymakers to ...
Who is the present CEO of NITI Aayog?
Fruit cracking is due to the deficiency of:
Which branch of the government is responsible for implementing laws and policies?
Machines, tools and implements, and buildings are examples of which type of goods?
After a violent episode of peasants occurred at Police station of Chauri Chaura, near Gorakhpur in UP, M.K Gandhi suspended non-cooperation movement on...
In which Schedule of the Constitution of India were 22 languages mentioned?
SVEEP is the flagship program of which of the following organisation?