Question
Which of the following organs does not secrete digestive
enzymes?Solution
The liver does not secrete digestive enzymes but produces bile, which aids in digestion. The pancreas, salivary glands, and small intestine all secrete digestive enzymes to break down food components.
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...
Under which condition will no depreciation be charged on a fixed asset during a financial year?
A company buys a machine for ₹12,00,000 and expects to use it for 8 years with residual value ₹80,000. Under straight-line method, annual depreciati...
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...
The primary cause of depreciation is:
Under the Written Down Value (WDV) method, depreciation is:
NRV or net realizable value of inventory is the expected selling price or market value less....
Which of the following is NOT a method of charging depreciation?
If a firm has been changing its depreciation policy every year, it is violating the_______ concept/principle of accounting.
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