Question
Under which method of depreciation, the value of a fixed
asset is reduced uniformly over its useful life?Solution
The method of depreciation in which the value of a fixed asset is reduced uniformly over its useful life is called the Straight-line method of depreciation. Under this method, the cost of the asset is spread out evenly over its useful life, and a fixed amount of depreciation is charged in each accounting period. The formula for calculating depreciation under the straight-line method is as follows: Depreciation expense = (Cost of asset – Salvage value) / Useful life
Under which method of depreciation, the value of a fixed asset is reduced uniformly over its useful life?
What is an ethical concern related to corporate governance?
The concept of Corporate Social Responsibility (CSR) is based on which of the following theory?
Manish is a manager who is out of town on a business trip. He needs to get some data to a member of his staff rather quickly so a presentation can be up...
A company wants to test whether their new marketing campaign has led to an increase in sales. The null hypothesis states that the campaign has no effect...
What is the Capital to Risk Weighted Assets Ratio (CRAR) of scheduled commercial banks (SCBs) as of end March 2024 according to the latest Financial St...
Which of the following is not a quantitative tool of money supply used by the RBI?Â
The audit firm should implement _________ policies to ensure all audits are conducted in accordance with Audit and Assurance Standards.
The Unified Pension Scheme (UPS) has been based on the recommendations of which of the following committee?
In a period of rising prices and stable inventory quantities, which of the following best describes the effect on gross profit of using LIFO as compare...