New RBI Grade B 2025 Notification will come Soon! Enroll Here

    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