Question
The first PSLV rocket built by private firms is
scheduled for launch in which month and year?ÂSolution
ISRO Chairman V. Narayanan announced that the first PSLV developed by a private consortium led by HAL and L&T will launch in February 2026, marking a major milestone in India’s private sector participation in space technology.Â
Under which condition will no depreciation be charged on a fixed asset during a financial year?
If the capital of a business is 230000, liabilities are 50000, loss 80000, then asset will be?
A machine costing ₹4,00,000 has a useful life of 5 years with scrap value ₹25,000. The company provides depreciation on WDV at 25% p.a. After 3 year...
Which depreciation method is most suitable for assets like mines, quarries, etc.?
If a firm has been changing its depreciation policy every year, it is violating the_______ concept/principle of accounting.
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...
Which asset is not eligible for depreciation under the Income Tax Act?
XYZ Ltd. uses Written Down Value (WDV) method for depreciation. It acquires a machine for ₹10 lakhs, has a salvage value of ₹1 lakh and charges 20% ...
A company purchases machinery for ₹50 lakhs with a useful life of 10 years and salvage value of ₹5 lakhs. The company uses straight-line depreciatio...
A plant was purchased for ₹10,00,000. After 4 years, its book value stands at ₹6,56,100 using the diminishing balance method. The annual rate of dep...
Relevant for Exams:
