Question
According to the World Steel Association, which of the
following countries was the global leader in steel production for the year 2020?Solution
China's share of global crude steel production increased from 53.3% in 2019 to 56.5% in 2020. India's crude steel production for 2020 was 99.6 Mt, down by 10.6% in 2019. Japan produced 83.2 Mt in 2020, down 16.2% in 2019.
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...
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...
Under which condition will no depreciation be charged on a fixed asset during a financial 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...
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...
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...
Under AS 6, which of the following cannot be considered a method of depreciation?
A company acquired a machine for ₹12 lakhs with an expected useful life of 6 years and residual value of ₹1.2 lakh. Using the straight-line method, ...
