Question
Which asset is not eligible for depreciation under the Income Tax Act?
More Depreciation Questions
- Which depreciation method is most suitable for assets like mines, quarries, etc.?
- XYZ Ltd. uses Written Down Value (WDV) method for depreciation. It acquires a machine for ₹10 lakhs, has a salvage value of ₹1 lakh and charges 20% depreci...
- 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 which condition will no depreciation be charged on a fixed asset during a financial year?
- Transaction is referred as which event in accounting?
- 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:
- A company purchases an intangible asset (software license) for ₹20 lakhs, with a legal validity of 5 years and probable economic benefit of 8 years. As per...
- If a firm has been changing its depreciation policy every year, it is violating the_______ concept/principle of accounting.
- A company purchased machinery on 1st April 2023 for ₹15,00,000. It charges depreciation @15% p.a. under the Diminishing Balance Method. The written-down va...
Hey! Ask a query
Please enter email id
The email must be a valid email address.
Please enter Mobile Number
Please enter valid Mobile Number
Please enter your Doubt
Think You're Ready for RBI Grade B?
RBI Grade B 2026 Phase 1 Memory Based Paper
- 200 Questions with Detailed Solutions
- Section-wise Coverage (GA, English, Quant & Reasoning)