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Analysing Common Size Profit and Loss

The useful li...

Question

The useful life specified in Part C of Schedule II of the Companies Act, $2013$ for aircraft and helicopters is ____ years.

A

15

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B

8

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C

19

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D

20

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Solution

The correct option is D $20$
Schedule II of Companies Act, 2013 specified different useful life for different types of assets as per its nature for calculating depreciation wherein under part C useful life for aircraft and helicopters specified as 20 years.

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