UGC Stands for

question 7

Multiple Choice

UGC Stands for

• A)University Grants Commission
• B)Union Government Commission
• C)University Governance Council
• D)Union government Council

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Definitions:

Scrap Value

An asset's anticipated resale value once it has surpassed its period of utility.

Straight-Line Method

A method of calculating depreciation of an asset by evenly distributing its cost over the useful life of the asset.

Scrap Value

The estimated resale value of an asset at the end of its useful life, typically considered as salvage value.

Double-Declining-Balance

A method of accelerated depreciation which doubles the regular depreciation rate, reducing the value of an asset more quickly in its early years.