Question
If the capital of a business is 230000, liabilities are 50000, loss 80000, then asset will be?
More Depreciation Questions
- If a firm has been changing its depreciation policy every year, it is violating the_______ concept/principle of accounting.
- Which asset is not eligible for depreciation under the Income Tax Act?
- A machine costing ₹8,00,000 has a useful life of 5 years and scrap value of ₹50,000. Using WDV method at 30%, what will be the book value at the end of yea...
- A company acquired a machine for ₹12 lakhs with an expected useful life of 6 years and residual value of ₹1.2 lakh. Using the straight-line method, the com...
- A company buys a machine for ₹12,00,000 and expects to use it for 8 years with residual value ₹80,000. Under straight-line method, annual depreciation is:
- Transaction is referred as which event in accounting?
- A machine costing ₹8,00,000 has a salvage value of ₹80,000 after 10 years. The company follows Straight Line Method (SLM). During the 4th year, it switches...
- Under which condition will no depreciation be charged on a fixed asset during a financial year?
- Under the Written Down Value (WDV) method, depreciation is:
- A machine costing ₹8,00,000 has a salvage value of ₹80,000 after 10 years. The company follows Straight Line Method (SLM). During the 4th year, it switches...
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