Depreciation Pr...

Depreciation amount + Residual value of a fixed asset =

XYZ firm has imported a machine from abroad, which of the following is not the element of machine’s cost

Name the reserve which has been created out of profit which have been earned in the normal course from day to day activities of the business concern

To whom does the reserves belong to:

Which of the following fixed asset is not depreciated in the ordinary circumstance?

In the calculation of depreciation,  all of the following items are estimates except:

Which of the following accounting concepts or principles require the calculation of depreciation of the fixed assets

Provisions are different from reserves as they are

_______ reserve may or may not involve any receipts of cash

Reserves are important because they help in:

a. meeting the future contingencies

b. strengthening the financial position of the business

c. redemption of liabilities like debentures

d. expansion