Question
A company acquired a machine for ₹12 lakhs with an
expected useful life of 6 years and residual value of ₹1.2 lakh. Using the straight-line method, the company charged full year depreciation even if purchased mid-year. What accounting assumption is violated?Solution
Charging full depreciation without matching it with actual usage violates the matching concept, which requires cost allocation to the period of benefit.
Which of the given trigonometric identities is incorrect ?
1. tan2 θ = sec2 θ - 1B. cosec2 θ = 1 + cot
- What approximate value will come in place of the question mark (?) in the following question? (Note: You are not expected to calculate the exact value.)
(88.931% of 435) + (61.521% of 516) = ?
Monthly income of A is Rs. 66000 out of which he spent 18%, 11% and 21% of his total income in rent, medicine and transportation, respectively. Find his...
(56.04% of 550.06 + 19.92 × 18.13) – 121.97 = ?
Two trains, 'P' and 'Q', are moving with speeds of 16 m/s and 24 m/s, respectively. The lengths of the trains are in the ratio 3:...
?% of (144.31 ÷ 17.97 × 60.011) = 239.98
? = 540.24 + 1022.97 – 11.992
- What approximate value will come in place of the question mark (?) in the following question? (Note: You are not expected to calculate the exact value.)
15.001% of 799.99 - 3/11% of 1099.99 + 111.002 = ?
