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.
- The ratio of milk and water in a mixture is 4:3 respectively. When 8 litres of milk and 10 litres of water are added to the mixture, the ratio becomes 6:5 ...
150 litres of Mixture ‘A’ (water + alcohol) contains 32% water and remaining alcohol while 112 litres of mixture ‘B’ (milk + water) contains 20 ...
A jar contains a mixture of mango juice and water in the ratio of 5:2. 84 litres of the mixture was taken out and 34 litres of water was added to it. If...
A container contains Alcohol and water in ratio of 5:6 and Capacity of Container is 121 lit. If half of the Container is replaced with 15 lit of water t...
If 4 kg of metal of which 1/3rd is zinc and the rest is copper, be mixed with 5kg of metal, of which 1/6 is zinc and the rest is copper, then...
A container was initially filled to the brim with milk. After removing 52% of the milk, 348 ml remained in the container. Calculate the original volume ...
A jar contains a mixture of milk and water in the ratio 4:3, respectively. If 4-litres of the mixture is taken out, then the quantity of water left in t...
A container contains Alcohol and water in ratio of 7:3 and Capacity of Container is 80 lit. If half of the Container is replaced with 13 lit of water th...
A vessel is completely filled with milk. If 35% of the milk is replaced with water then only 184.6 ml of milk will be left in the vessel. What is the to...
A trader mixes three types of fruit juices. Juice A costs $10 per liter, Juice B costs $15 per liter, and Juice C costs $20 per liter. The mixture is so...
