Answer Posted / h.r. sreepada bhagi

If the value of each mobile phone is Rs. 5000/- or less, it
can be taken as asset and depreciation can be charged @ 100%
in the same financial year.

If the value of each unit is more, then rate mentioned in
Schedule to Indian Companies Act, 1956 has to be applied in
case of Company Accounts. In case of business units other
than companies (Ltd., Pvt. Ltd.), depreciation is calculated
as per the Income Tax Act, 1961 for Computation of Income
for filing the Tax Returns. Under income Tax also 100%
depreciation can be charged if the unit cost is as mentioned
above.

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1177

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1073

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2402

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1131

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1126

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2022

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2240

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1511

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i am indrani,iam siting for a/c assistance post of muthoot finance..so my question is what kind of question they may ask related to a/c or finance?or other than subject what question can be asked like why do u want to join this co etc.. ?

1942

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Define and distinguish between flexible and floating exchange rate system. What kind of exchange rate system does china have?

3748

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If A Company pays amount thru bank for a supplier deducting tds on behalf of B company. Accounting entries to be made in company A and B

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1074

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