Question
The United Kingdom has pledged to provide $2 billion to
which climate fund to assist developing countries in addressing climate change?Solution
Britain will commit to provide $2 billion to the Green Climate Fund (GCF) to help developing countries cope with climate change. The Green Climate Fund (GFC) – the world’s largest such fund – was set up under United Nations’ climate change negotiations to help channel money needed by poor states to meet their targets to reduce carbon emissions, develop cleaner energy sources and adjust to a warming world
A company acquired a machine for â‚ą12 lakhs with an expected useful life of 6 years and residual value of â‚ą1.2 lakh. Using the straight-line method, ...
NRV or net realizable value of inventory is the expected selling price or market value less....
If the capital of a business is 230000, liabilities are 50000, loss 80000, then asset will be?
A machine costing â‚ą4,00,000 has a useful life of 5 years with scrap value â‚ą25,000. The company provides depreciation on WDV at 25% p.a. After 3 year...
Under which condition will no depreciation be charged on a fixed asset during a financial year?
Which asset is not eligible for depreciation under the Income Tax Act?
A company purchases machinery for â‚ą50 lakhs with a useful life of 10 years and salvage value of â‚ą5 lakhs. The company uses straight-line depreciatio...
A machinery costing â‚ą10 lakhs has a useful life of 5 years and a salvage value of â‚ą1 lakh. Using the straight-line method, the firm changes the usef...
Under which condition will no depreciation be charged on a fixed asset during a financial year?
If a firm has been changing its depreciation policy every year, it is violating the_______ concept/principle of accounting.
