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In India, which Ministry/Institution announce the rates by which assets depreciate:
- a)Ministry of Finance
- b)Ministry of Commerce and Industry
- c)Reserve Bank of India
- d)Minister of Science and Technology
Correct answer is option 'B'. Can you explain this answer?
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In India, which Ministry/Institution announce the rates by which asse...
The governments of the economies decide and announce the rates by which assets depreciate (done in India by the Ministry of Commerce and Industry) and a list is published, which is used by different sections of the economy to determine the real levels of depreciation in different assets.
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In India, which Ministry/Institution announce the rates by which assets depreciate: a) Ministry of Financeb) Ministry of Commerce and Industryc) Reserve Bank of Indiad) Minister of Science and TechnologyCorrect answer is option 'B'. Can you explain this answer?
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