Schedule XIV has prescribed rates of depreciation for double shift and triple shift working for which one of the following assets?

Related MCQs

• The client changed method of depreciation from straight line to written down value method. This has been disclosed as a note to the financial statements. It has an immaterial effect on the current financial statements. It is expected, however, that the change will have a significant effect on future periods. Which of the following option should the auditor express?
• The auditor has serious concern about the going concern of the company. It is dependent on company’s obtaining a working capital loan from a bank which has been applied for. Then management of the company has made full disclosure of these facts in the notes to the balance sheet. The auditor is satisfied with the level of disclosure. He should issue_
• A company has bought patents. Which of the following methods is most suitable for providing depreciation on them?
• An analysis of fixed assets account has revealed possibility of unrecorded sale of plant and machinery. Which of the following audit procedures may be adopted to discover it?
• The inventory consists of about one per cent of all assets. The client has imposed restriction on auditor to prohibit observation of stock take. The auditor cannot apply alternate audit procedures.
• Which of the following would prevent double payment of the same voucher?
• Which of the following Schedule of the Companies Act, 1956 deals with depreciations?
• The auditor has noticed existence of recurring losses sale of fixed assets this indicates
• The balance of cash in often between one to five percent of total assets. Tick the most appropriate statement with regard to verification of cash in context of this
• Depreciation does not arise form _______