Question
450 ml of a mixture contains milk and water in the ratio
of 15 respectively. If 70 ml of water and 80 ml of milk are added into it, then the ratio of milk to water in the resulting mixture will be 3:1. Find the value of ‘y’.Solution
ATQ Quantity of milk in 450 ml of mixture = 450 × 15/(15 + y) Quantity of water in 450 ml of mixture = 450 × y/(y + 15) According to the question: {6750/(15 + y) + 80}/{450y/(y + 15) + 70} = 3/1 Or, 6750/(15 + y) + 80 = 1350y/(y + 15) + 210 Or, (6750 – 1350y)/(y + 15) = 70 Or, 6750 – 1350y = 70y + 1050 Or, 1420y = 5700 Or, y = 4
Which method of depreciation results in equal depreciation expense each year?
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.
Which asset is not eligible for depreciation under the Income Tax Act?
Company X acquired equipment costing ₹5,00,000 on 1-Jan-Year1; useful life 5 years, no residual. It capitalises borrowing costs of ₹30,000 related t...
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?
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...
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 method of depreciation is NOT recognized by the Companies Act, 2013?