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Assume that in July, Tata Motors paid Rs.5 Crores to an external IT consultant for a software project that took 6 months to complete. In July how much would Tata Motors' cash and net income decrease b
Apr 25 2013 03:13 PM
Rs.5 Crores spend over 6 months.
So for 1 months income statement the cost is depreciated as 5 crores/6 = 83.33 lakhs.
May 02 2013 02:50 PM
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