Question
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 accounting principles, over what period should the asset be amortized?Solution
As per Ind AS 38, an intangible asset should be amortized over the shorter of legal or economic life. Here, 5 years is the legal life and hence becomes the amortization period.
Seed dormancy allows plants to rest.
The test to confirm presence of Sesame oil in Vanaspati in sufficient quantity as per regulations is:
How often should fumigation be done in a seed warehouse to control insects?
Who is considered the Father of Agricultural Engineering in India?
Disorders like Hollow Stem of Cauliflower; Browning of Cauliflower ; Top sickness of Tobacco is caused due to the deficiency of
The bacterial colony is known as:
How much Vitamin A should Fortified Milk contain?
Global rank of India in terms of Vegetable and Fruit Production?
This soil property which impacts nutrient movement to plant roots through mass flow and diffusion?
Diploid Chromosome number of kabuli gram is
