Question
A shipping company is required by law to bring all ships
into dry dock every five years for inspection and overhaul. What is the correct treatment for these charges?Solution
Overhaul expenditure might at first sight seem to be a repair to the ships but it is actually a cost incurred in getting the ship back into a seaworthy condition. As such the costs must be capitalized.
Internal Capital Adequacy Assessment Process (ICAAP) is a requirement under ______ of Basel norms.
If ABC Bank is encouraging its home loan borrowers to shift to a floating rate option, the bank is likely to be _______
Which of the following methods for calculating the Maximum Permissible Bank Finance (MPBF) considers the permanent level of current assets, also known a...
Consider the following statements regarding the use of bullion:
1) Bullion can be used for investment purposes as a hedge against inflation.
...How is the contribution margin per unit calculated?
Under the SARFAESI Act a who can enforce the security interest created in his favour without the intervention of the Court or Tribunal?
State whether the following statements are true/false:
1 LIFO method of pricing of materials is more suitable when material prices are rising
...Calculate the operation cycle from the given data
A. Duration of Raw material stage
B. Duration of work in progress stage ...
Consider the following statements regarding economic survey 2022-23:
1. In Wholesale Price Inflation (WPI), the weightage of primary art...
Which state in India was the first to become fully organic?
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