Loss of usefulness occasioned by improved production methods is known as____

Related MCQs

• Expenditures in respect of certain types of assets whose usefulness does not expires in the year of their occurrence but generally expires in the near future are called
• The statement of profit or loss is prepared according to _______ method to calculate profit or loss under single entry system
• Which of the following methods is not a practical way of realizing revenue?
• In which of the following methods, the cost of the asset is spread over in equal proportion during its useful economic life?
• An office equipment is purchased on 1.1.12 for `1,10,000 having working life of 4 years at the end of which it is expected to have a scrap value of `10,000. Find the difference in depreciation as per Sum of years digit methods and reducing balance method (25% WDV) for the year ending on 31st December 12
• Which methods of valuation of Goodwill Sol:
• Which methods of valuation of Goodwill Sol:
• On Amalgamation, Profit & Loss A/c (Dr.) balance of the vendor company is closed by___________
• On Amalgamation, Profit & Loss A/c (Dr.) balance of the vendor company is closed by___________
• Loss on sale of machinery should be written off against