Question
Which of the following statements is/are correct?
Statement 1: TeleManas Stands For: Tele Mental Health Assistance and Networking Across State. Statement 2: The focus was on investing in maternal, newborn, child, and adolescent health. Statement 3: TeleManas was introduced as a key initiative to improve mental health services, especially for adolescents.Solution
Statements 3 and 1 are correct. Aim: To provide universal access to equitable, accessible, affordable and quality mental health care through 24 x 7 tele-mental health counselling services as a digital component of the National Mental Health Programme (NMHP) across all Indian States and UTs with assured linkages.
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...
The primary cause of depreciation is:
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...
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 depreciation method is most suitable for assets like mines, quarries, etc.?
A machinery costing ₹10 lakhs has a useful life of 5 years and a salvage value of ₹1 lakh. Using the straight-line method, the firm changes the usef...
There are certain expenses that may be in the nature of revenue but their benefit may not be consumed in the year in which such expenditure has been inc...
Under which condition will no depreciation be charged on a fixed asset during a financial year?
A machine was purchased for ₹1,00,000. Depreciation is charged at 10% per annum under the Diminishing Balance Method. The book value of the machine at...
Which method of depreciation is NOT recognized by the Companies Act, 2013?
Relevant for Exams:
