Technique does CRISIL follow
For credit rating what technique does CRISIL follow?
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CRISIL is a technique of the credit rating that reflects its current view on the amiability of the payment of interest and principal. This technique is an impartial, objective, and independent view that is designed to meet the financial compulsions of the issuer. This technique consists of non-convertible debentures/bonds, fixed deposits, commercial certificates, loans and debt. It is based on robust and clear frameworks, which makes sure the standard, similar and effectual communication of ratings that are assigned.
The following information is taken from the financial statements of an entity: 20x6 20x5 Property, plant and equipment $4,100,000 $3,600,000 Accumulated depreciation (1,400,000) (1,050,000) Depreciation expense 650,000 Gain on disposal of PPE 35,000 The asset disposed of had a cost of $400,000
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