πŸ“’ Too many exams? Don’t know which one suits you best? Book Your Free Expert πŸ‘‰ call Now!

  • google app store apple app store
  • βœ–

      Question

      Under AS 6, which of the following cannot be considered

      a method of depreciation?
      A Annuity method Correct Answer Incorrect Answer
      B Revaluation method Correct Answer Incorrect Answer
      C Sinking fund method Correct Answer Incorrect Answer
      D Machine hour method Correct Answer Incorrect Answer

      Solution

      Explanation: Revaluation method is not recognized as a systematic depreciation method under AS 6.AS 6 includes methods like straight-line, diminishing balance, machine hour, annuity, etc., but revaluation is not a depreciation method .

      Practice Next
      ask-question