technique of depreciation in evaluating the tax liability
According to Income Tax Act, 1961what technique of depreciation calculation is employed to evaluate the tax liability?
Expert
According to Income Tax Act, 1961 Written down value Method of depreciation is employed to compute the tax liability. Within this method, depreciation is charged at prearranged rate that is computed on the balance of cost of asset less amount of depreciation previously charged. The rate at that the depreciation will be computed is as well specified in the Income Tax Act 1961.
On December 31, 20x1, the Juniper Company purchase a group of four assets for a total cost of $850,000. An independent appraiser assesses the fair value of each asset as follows: Asset Fair Value Land $100,000 Building 600,000 Equipment 250,000 Fixtures 150,000 Prepare the jour
Write down the advantages of IFRS.
Briefly describe straight line method to compute depreciation. What are it merits and demerits?
Write down the exit routes accessible to VCF?
Accounting Theory 7edition, by Godfrey J., Hodgson A., Tarca A., Hamilton J., and Holmes S. Chapter 2: Theory in Action 2.2 “Normative Theories of Investment” Chapter 3: Theory in Action 3.1 “Companies should come clean on the value of leases on their books” Chapter 5: Theory in A
Briefly explain the term Deferred Revenue?
Write down the steps in procurement of material?
Write down the agencies which are authoritative to do credit rating in India?
Briefly explain the most significant qualities for the career of investment banking?
Describe briefly payback period method for valuation of capital expenditure proposal?
18,76,764
1956775 Asked
3,689
Active Tutors
1414801
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!