Question
An asset is purchased for Rs.50,000 on which
depreciation is provided annually according to the straight-line method, the useful life is 10 years and the scrap value is 10,000. The rate of depreciation isSolution
SLM depreciation: 50,000(Cost) -10,000(SV) / 10 Years (Number of Years) Depreciation: 4000 rs Rate: 4000/50,000*100 = 8%
Under the SARFAESI Act, what is the minimum net-owned funds (NOF) required for an ARC to operate?
Consider the following Statements and choose the option with correct Statement.
I- Retail investors (individuals) will have the facility to op...
What are two methods by which Credit Risk can be measured by?
What is the limit of annual household income for a collateral free loanto be considered as a microfinance loan?
To improve socio-economic conditions of the particularly vulnerable tribal groups (PVTGs), the Government has stated that the Pradhan Mantri PVTG Devel...
What does metaethics explore beyond individual moral judgments?
The phenomenon by which money leaves a country and then returns to the country in the form of FDI is referred to as:
When was the first edition of the GFCI released?
Which of the following is considered the most important principle in lending according to the Principles of Lending?
The national income of an economy is measured as GDP of USD 5190 and GNP of USD 6220. This means that to arrive at GNP, the
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