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Q. What is Depreciation Reserve Fund ?
Depreciation Reserve Fund is the fund specially reserved for replacement of assets. Once the assets are purchased from the capital money but after some years the assets become scrap and requires replacement. Every year the life of an asset is reduced and the value is also reduced which is credited to DRF. After scrapping the asset it is replaced by spending money from the DRF the cost is debited to this head and credited to capital.
Jackson Corporation's bonds have 12 years remaining to maturity. Interest is paid yearly, the bonds have a $1,000 par value, and the coupon interest rate is 10.5%. The bonds have a
AsIDENTIFY THE MAIN PROVISIONS OF THE PARTNERSHIP ACT k question #Minimum 100 words accepted#
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Banana Computer has a perpetual, convertible 7% annual coupon bond outstanding. The bond has a face value of $1,000 and has a conversion price of $40. The required return on an oth
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Consider an asset that cost 100000 to acquire and has an estimated salvage value of 20000. The assets is to be depreciated over four years. At the end of four years, the asset is s
SECURED CREDITORS A secured creditor may: Rely on his security and not prove at all. Surrender his security and prove for the full amount of the debt. Realise his s
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