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Change in useful economic life of an asset is change in accounting estimate, which is to be applied prospectively, i.e., the depreciation charge will need to be recalculated. On 1st January, 20X4, when the asset's net book value is 60,000. The company should amend the annual provision for depreciation to charge the unamortized cost (namely, 60,000) over the revised remaining life of four years. Consequently, it should charge depreciation for the next four years at 15,000 per annum.
Systemic risk may arise due to ______
Usance bills drawn under Import LC should be retired ____
Consider the following with reference to the International Swaps and Derivatives Association (ISDA).
1) The ISDA is a trade association for the o...
When calculating the Debt Service Coverage Ratio (DSCR), which financial metric is reintegrated into both the numerator and denominator to assess a comp...
According to the provisions of Section 127 of the Companies Act, 2013, if a company fails to pay the dividend, within a period of 30 days from the date ...
As per Section 409 of the Companies Act, 2013, the President of the NCLT shall be a person who is or has been a Judge of a High Court for ________.
For market risk, the minimum capital requirement is expressed in terms of two separately calculated charges. Which of the following are those two risks ...
According to a report by India Ratings and Research, when will India join the coveted club of upper-middle-income countries, and what is the estimated s...
In the context of credit risk assessment, which of the following metrics would be the most reliable for an MSME lender to assess the long-term financial...
A bank borrows Rs.50 crore from call money market on a daily basis and uses that to give a loan of Rs.30 crore to a AAA rated client (i.e. zero default ...