Question
Six persons J, K, L, M, N and O sit around a circular
table and face towards the centre but not necessarily in the same order. O sits third to the right of J. L sits second to the right of K. M sits immediate right of J. Who sits second to the left of N?Solution
Which method of depreciation results in equal depreciation expense each year?
Which of the following is NOT a method of charging depreciation?
Machine cost ₹10L, useful life 5 years, scrap value ₹1L. Using sum-of-years-digits method, depreciation for year 2 = ?
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 the Written Down Value (WDV) method, depreciation is:
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, ...
A plant was purchased on 1st April 2021 for ₹5,00,000. Depreciation is charged at 15% p.a. under the WDV method. On 1st October 2023, the plant was so...
Transaction is referred as which event in accounting?
Under AS 6, which of the following cannot be considered a method of depreciation?
A machine was purchased for ₹1,00,000. Depreciation is charged at 10% per annum under the Diminishing Balance Method. The book value of the machine at...
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