Question
Under the Written Down Value (WDV) method of
depreciation, the WDV of an asset is always:Solution
The Written Down Value (WDV) method applies depreciation at a fixed percentage on the reducing balance of the asset every year. • This means that the depreciable value reduces year after year, but it never becomes exactly zero. • Even after years of charging depreciation, the asset will always retain some positive value in the books. • Hence, WDV can never be zero or negative under this method. Thus, the WDV of an asset under this method is always more than zero.
Definition of secondary evidence has been given under _________ of the Indian Evidence Act, 1872?
Which of the following is not true about judicial intervention in arbitration proceedings?
As per the provisions of the Registration Act the documents remaining unclaimed in any registration office for a period ………………… may be de...
Before the mediation starts, what must a mediator disclose to the parties under The Mediation Act, 2023?
Which of the following is not true about powers of a president to promulgate an ordinance?
A wishes to prove dying declaration by B. The burden of proof that B is dead is on
In Shreya Singhalys Linion of India, the Supreme Court held that:
Provisions of longer period in the matter of accumulation of property under sec 17 of T.P. Act amounts to:
When a fact is a “conclusive proof”, the Court__________.
Chief Judicial Magistrate may pass a
Relevant for Exams:
