1
Question
The useful life specified in Part C of Schedule II of the Companies Act, 2013 for General Furniture and fittings is _____ years.
The useful life specified in Part C of Schedule II of the Companies Act, 2013 for General Furniture and fittings is _____ years.
Open in App
Solution
The correct option is B 10
Schedule
II of Companies Act, 2013 specified different useful life for different types
of assets as per its nature. Furniture and fittings has been divided into two categories
as mentioned below:
(i)
General furniture and fittings: 10 years
(ii)
Furniture and fittings used in hotels, restaurant,
school, colleges etc.: 8 years
Schedule II of Companies Act, 2013 specified different useful life for different types of assets as per its nature. Furniture and fittings has been divided into two categories as mentioned below:
(i) General furniture and fittings: 10 years
(ii) Furniture and fittings used in hotels, restaurant, school, colleges etc.: 8 years
Suggest Corrections
0
Similar questions
View More
Join BYJU'S Learning Program
Explore more
Join BYJU'S Learning Program
