Question
An asset costing ₹12 lakh, useful life 10 years,
residual value ₹2 lakh. Calculate annual depreciation using straight-line method (SLM).Solution
• Depreciable amount = ₹12 lakh – ₹2 lakh = ₹10 lakh. • Annual depreciation = ₹10 lakh / 10 = ₹1 lakh.
Which among the following profitability level is the profit from which the fixed costs are to recovered first to arrive at the profit?
Which Statement on Auditing (SA) provides guidance on the overall objectives of the independent auditor and the conduct of an audit in accordance with ...
Under marginal costing, which of the following cost will NOT be attributed to the product cost?
In the context of GeM, what is the full form of ‘PAC’?
Which risk is a bank facing due to the mismatch between its assets and liabilities tenure?
IRR is the rate at which:
Any casual vacancy in the office of an auditor shall in the case of a company whose accounts are subject to audit by an auditor appointed by the Comptro...
Process costing is suitable for
A software company enters into a ₹10 lakh contract including installation and training. Installation is ₹8 lakh and training ₹2 lakh. Installation...
If the amount of any known liability cannot be determined accurately, then:
