Question
Heterosis describes the phenomenon in which hybrids
formed between individuals of the same or closely related species are more robust or vigorous than their parents. Who coined the term “heterosis”?Solution
Shull (1914) coined the term heterosis
Which method of depreciation results in equal depreciation expense each year?
Which of the following is NOT a method of charging depreciation?
If a firm has been changing its depreciation policy every year, it is violating the_______ concept/principle of accounting.
Which asset is not eligible for depreciation under the Income Tax Act?
Company X acquired equipment costing â‚ą5,00,000 on 1-Jan-Year1; useful life 5 years, no residual. It capitalises borrowing costs of â‚ą30,000 related t...
A machine costing â‚ą8,00,000 has a salvage value of â‚ą80,000 after 10 years. The company follows Straight Line Method (SLM). During the 4th year, it s...
Under which condition will no depreciation be charged on a fixed asset during a financial year?
A company purchases an intangible asset (software license) for â‚ą20 lakhs, with a legal validity of 5 years and probable economic benefit of 8 years. A...
A machine costing â‚ą8,00,000 has a useful life of 5 years and scrap value of â‚ą50,000. Using WDV method at 30%, what will be the book value at the end...
Which method of depreciation is NOT recognized by the Companies Act, 2013?
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