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.
More Depreciation Questions
Which of the given trigonometric identities is incorrect ?
1. tan2 θ = sec2 θ - 1B. cosec2 θ = 1 + cot
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(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 = ?
