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.
What is the percent of acetic acid in commercially available vinegar?
Rapid precooling method:
As per FSSA in packaging requirements for fruit and vegetable products, juices and pulps may be packed in the following type of container, when sulphited
Glucose and fats are stored as potential energy in the form of:
The protein allowance for pregnant women is:
Shrinkage is associated with
In cryogenic freezing the liquid nitrogen temperature is:
M.S. Swaminathan was an Indian:
The aseptic packaging's sealing is referred to as
Which of the following groups of substances are macronutrients?
