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.
What was the India's food grain production in 2021-22?
Which bacterium is commonly used in genetic engineering for gene transfer?
Which of the following nutrient element is immobile in soil but mobile in plants ?
The dominant mineral in sandstone is :
The Prakritik Kheti Khushshal Kissan Yojana (PKKKY) was launched by the ……………………………government to promote organic / Zero Budget Nat...
In the SOTER model, what is the primary function of the ‘Evaluation’ step?
The inflorescence of barley is:
Reagents required for determination of soil organic matter in laboratory.
A. Potassium dichromate
B. Ferrous ammonium sulphate
C. S...
Which principle emphasizes tailoring extension programs based on unique customs and beliefs of local people?
Extension Programme is a statement of situation, objectives, problems and:
