Which of the following statement is not correct? A. Depreciation will vary directly with the useful life
Question:
Which of the following statement is not correct?
A. Depreciation will vary directly with the useful life of the asset
B. The higher the residual value, the lower will be the depreciation charge
C. The higher the residual value, the higher will be the depreciation
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Related Book For
Corporate Accounting As Per The Companies Act 2013 Including Rules 2014 And 2015
ISBN: 9789352605569
2nd Edition
Authors: M Hanif, A Mukherjee
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