Question
Machine cost ₹10L, useful life 5 years, scrap value ₹1L. Using sum-of-years-digits method, depreciation for year 2 = ?
More Depreciation Questions
- Under AS 6, which of the following cannot be considered a method of depreciation?
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- If a firm has been changing its depreciation policy every year, it is violating the_______ concept/principle of accounting.
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- Which accounting standard in India deals with depreciation accounting?
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