What is critical thinking What is critical thinking Solution Answer: Critical Thinking -- Critical thinking is the discipline of rigorously and skillfully using information, experience, observation and reasoning to guide your decisions, actions and beliefs. --- Critical thinking involves asking the right kind of questions and goes so far as letting members develop assumptions and analyze (either in groups or individually) those assumptions. -- Critical thinking means questioning every step of your thinking process: like... ----------- Have you considered all the facts? ------------ Have you tested your assumptions? --------- Is your reasoning sound? ------------- Is your thinking process logical, rational and complete? By developing the skills of critical thinking, and bringing rigour and discipline to your thinking processes, you stand a better chance of being “right” , likely to make good judgments, choices and decisions in all areas of your life. --- This is an important part of \"success\" and \"wisdom\". Hope you will find a good answer of your question....happy to help you.

1. What is depreciation
What is depreciation
Solution
Answer: Depreciation :The process of allocating the cost of a fixed asset over its estimated
useful life in a rational and systematic manner is called depreciation.
Methods of calculating depreciation:There are various methods of calculating dep. which are as
i) Straight line method.
ii) Diminishing balance method.
iii) Sum of year digits method.
iv) Revaluation method.
(v) Double declining method
Journal Entry: Depreciation A/C Dr.
To Asset A/C