Question
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 to Written Down Value (WDV) method for better matching of cost and benefit. What should be the correct accounting treatment?Solution
Change in depreciation method is treated as a change in accounting estimate and applied prospectively as per Ind AS 16.
'Blue Hamlet' is associated with:
Where was the world’s first air taxi service unveiled?
Husk of a coconut is made of ______ tissue.
Which of the following statements are correct regarding the Hunters Commission of 1882?
1. It was made to review the progress made in the field o...
India's poverty percentage decreased from 55.1% to how much from 2005to 2019-20 in the multidimensional poverty index?
Asiatic Society of Bengal was founded by
After the issuance of securities, investors can purchase such securities in various ways. Which is not a primary market issues?
Who coined the term 'protoplasm'?
Pradhan Mantri Suraksha Bima Yojana (PMSBY) is related to which type of insurance?
Which of the following is an instrument of monetary policy of RBI?
I. Reverse Repo Rate
II. Corridor
