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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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