Question
In which of the following cities has India's first NBA
basketball school been started?Solution
India's first NBA basketball school was started in Mumbai. The facility aims to provide high-quality basketball training and development for young players.
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.
