Question
Which of the following assets is a non-depreciable
asset?Solution
Non-depreciable assets are those assets that do not lose their value over time and are not subject to depreciation expense. Land is a non-depreciable asset because it does not have a determinable useful life. The cost of land is not subject to depreciation, although improvements made to the land may be depreciable. One may have confusion regarding patent, to clarify patents are generally amortized over their useful life, which is the period over which the patent is expected to provide economic benefits. The amortization expense is recognized as an operating expense on the company’s income statement and is used to allocate the cost of the patent over its useful life.
Who was the chief proponent of Vishishtadvaita subschool of Vedanta?
A = (4/3) × B and C = (1/8) × A. If (A + B + C) = 210, then determine the value of (9C – B).
The tilt of the earth’s rotation relative to the ecliptic as earth revolves around the sun
A. The varying amount of sunspot activity
B. ...
With reference to the Indian and British Parliamentary systems, which of the following statements is incorrect?
Which of the following statements is/are correct in regards to the UN Convention on the Law of the Sea (UNCLOS)?
- It is a...
A given resistance RRR is cut into 2 equal parts. The resistance of each part is:
Assertion (A): Phenol is commonly used as a disinfectant.
Reason (R): Phenol is not harmful to living human tissues even at a very high concent...
Which of the following is incorrect regarding “PM VayoVridha Pension Yojana”?
Which among the following criterion are required to be fulfilled for an asset to be classified as a Current Asset?
Which of the following is not the use of bleaching powder?
(i) to make drinking water free from germs
(ii) in soda-acid fire extinguishers...