Question
Among the following cities, which one lies on a
longitude closest to that of Delhi?Solution
Longitude is measured by imaginary lines that run around the Earth vertically (up and down) and meet at the North and South Poles. These lines are known as meridians. They are used to define the East-West position of a location on the planet. Longitude of Delhi- 77.1025° E Longitude of Bengaluru- 77.5946°E Longitude of Hyderabad- 78.4867° E Longitude of Nagpur- 79.0882° E Longitude of Pune- 73.8567° E
A company acquired a machine for ₹12 lakhs with an expected useful life of 6 years and residual value of ₹1.2 lakh. Using the straight-line method, ...
NRV or net realizable value of inventory is the expected selling price or market value less....
If the capital of a business is 230000, liabilities are 50000, loss 80000, then asset will be?
A machine costing ₹4,00,000 has a useful life of 5 years with scrap value ₹25,000. The company provides depreciation on WDV at 25% p.a. After 3 year...
Under which condition will no depreciation be charged on a fixed asset during a financial year?
Which asset is not eligible for depreciation under the Income Tax Act?
A company purchases machinery for ₹50 lakhs with a useful life of 10 years and salvage value of ₹5 lakhs. The company uses straight-line depreciatio...
A machinery costing ₹10 lakhs has a useful life of 5 years and a salvage value of ₹1 lakh. Using the straight-line method, the firm changes the usef...
Under which condition will no depreciation be charged on a fixed asset during a financial year?
If a firm has been changing its depreciation policy every year, it is violating the_______ concept/principle of accounting.