Question
Cognizant (i) He was cognizant of the
peculiarities of the case. (ii) All who travel should be over cognizant of this fact. (iii) These two factors cognizant to cause a temperature runaway with drastic lowering in yield. Directions : In each of the following questions, a word has been used in sentences in THREE different ways. Choose the option corresponding to the sentences in which the usage of the word is CORRECT or APPROPRIATE.Solution
The word ‘cognizant’ means ‘understanding or realizing something.’. In i and ii, it is used correctly, but not in iii.
Which method of depreciation results in equal depreciation expense each year?
Which of the following is NOT a method of charging depreciation?
If a firm has been changing its depreciation policy every year, it is violating the_______ concept/principle of accounting.
Which asset is not eligible for depreciation under the Income Tax Act?
Company X acquired equipment costing ₹5,00,000 on 1-Jan-Year1; useful life 5 years, no residual. It capitalises borrowing costs of ₹30,000 related t...
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 s...
Under which condition will no depreciation be charged on a fixed asset during a financial year?
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. A...
A machine costing ₹8,00,000 has a useful life of 5 years and scrap value of ₹50,000. Using WDV method at 30%, what will be the book value at the end...
Which method of depreciation is NOT recognized by the Companies Act, 2013?
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