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    Question

    The Guidance Note on Accounting for Depreciation in

    Companies Act, 2013 is applicable when:
    A company does not maintain books of account Correct Answer Incorrect Answer
    B There is ambiguity in application of Schedule II to the Act Correct Answer Incorrect Answer
    C A company uses SLM method only Correct Answer Incorrect Answer
    D The company is in the banking sector only Correct Answer Incorrect Answer

    Solution

    The correct answer is B

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