Question
In each of the following questions, a word has been
given and used in three statements. You are supposed to identify which of the statement/s use/s the word correctly and mark them as your answer. PASSAGE                      i.       When Google first announced passage  ranking, the company called it passage indexing.                     ii.       She fails to appreciate the congressional and constitutional obstacles Johnson had to overcome to win passage  of the bill.                    iii.       Henry Hudson sailed from Gravesend on his first voyage for the discovery of a northwest passage to India.Solution
passage means a portion or section of a written work; a paragraph, verse, etc.
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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