Goodwill is an intangible asset. For intangible assets, amortisation is used instead of depreciation. Also read: True and False Questions on... View Article
Written down value method of calculating depreciation is Written Down Value Method = (Cost of Asset – Salvage Value of the Asset) * Rate... View Article
The three methods of depreciation are: Straight Line Method Written Down Value Method Units of production method As per the syllabus of... View Article
Written down value method is also known as the reducing balance method. It has the following limitations. 1.The assets cannot be completely... View Article
Companies use the straight line method as it is easier to use and results in fewer errors over the life of the asset. It is also the most... View Article
Straight line method is easier to use while the reducing balance method is comparatively more accurate but more complicated among the two... View Article
The straight line method has the following limitations: It does not consider the loss of interest received for the amount invested in the... View Article
Advantages and disadvantages of depreciation are as follows: Advantages of depreciation are: Asset value can be written off completely It... View Article
The advantages and limitations of the straight line method are as follows: Advantages of the straight line method: It is simple to understand... View Article
The following are the advantages of the Straight Line method: It is simple to understand and apply. Asset value can be made zero value at the... View Article
The following are the advantages of the straight line method of calculating depreciation: It is simple to understand and apply. The asset... View Article
(a)Monopolistic competition only (b)Oligopoly only (c)Both monopolistic competition and oligopoly (d)Monopoly Answer: c. Both monopolistic... View Article
UPSC Current Affairs Preparation: The Hindu Analysis Watch expert analysis of ‘The Hindu’ dated 10th Aug 2021. Important news and views to boost... View Article
a) gene transfer in higher plants b) reclamation of wastelands c) bioremediation of contaminated soils d) biological control of soil-borne... View Article
a) Loose smut of wheat b) Downy mildew of grapes c) Bacteria; leaf blight of rice d) Black rust of wheat Answer: b) Downy mildew of grapes... View Article