Question
Which asset is not eligible for depreciation under the
Income Tax Act?Solution
Land is not a depreciable asset under IT Act as it has unlimited useful life.
Which valuation approach is used in Discounted Cash Flow (DCF) method?
...................... is the creation of email messages with a forged sender address - something which is simple to do because the core protocols do no...
The total of Sales Book shows the          .
If the Opening Debtors were Rs.50,000 and Closing debtors are Rs.40,000, what effect will it have on the cash flow statement?
A company purchases machinery for ₹10 lakh. Estimated dismantling cost after 5 years is ₹1 lakh. The dismantling obligation is present as per contra...
Depreciation of ₹5 lakh is added back while calculating cash flows from operations under the indirect method. Why?
From the following information calculate the amount of sales to earn a desired profit of Rs.12,000
Fixed Cost: 24,000
Selling Price: ...
A firm has the following details:
• Raw material holding: 25 days
• WIP: 15 days
• Finished goods: 20 days
• Receiva...
Idle time can be normal or abnormal. Which of the following will be regarded as abnormal idle time?
In India, the GST is based on the dual model GST adopted in:
