Question
TechCo upgraded its machinery in Year 3 of its 5-year
life, extending useful life by 3 years. WDV before upgrade is ₹60 lakh; upgrade costs ₹15 lakh. Disclosures under Ind AS 16 require what accounting treatment?Solution
Under Ind AS 16, enhancements extending service life are capitalized as part of the asset. The total revised WDV (₹75 lakh) is depreciated over remaining 5 years (original + extension).
In case of surplus liquidity in the system, which of the following instrument can be used by RBI to manage such surplus liquidity?
A. Re...
Which of the following Rabi crop shows negative growth predicted in for 2021?
Recently Reserve Bank of India gave approval to which of the following Fintech firm to operate as NBFC account aggregator?
Which one of the following is/are the major differences between National Automated Clearing House (NACH) & Electronic Clearing Service (ECS)?
Which bank has tied up with BharatPe to expand its merchant acquiring business in the country?
Google-backed which payments startup ____ raises $54.4 million in funding led by Singapore's sovereign fund Temasek.
What percentage of India's employment is contributed by Micro, Small, and Medium Enterprises (MSMEs) as per a report by Mckinsey Global Institute (MGI)?
Which of the following refers to the mix of long-term debt and equity used by a firm to finance its overall operations and growth?
The discount rate that makes the present value of expected cash flows from the project equal to the initial cost of the project is called:
Which flagship programme directly promotes women’s self-employment, social mobilization, and sustainable livelihoods in rural India?
