Original cost of a machine =Rs.1,30,000

Salvage value =Rs.4000

Useful life =6 Years

Depreciation for the 1 St year under sum of years method will be

Under annuity method , the amount of depreciation is ———-

An asset was purchased for Rs.12,500 and was depreciated under Reducing balance method at the rate of 20% P.A.What is the value of the asset at the end of three years?

Original cost of an asset Rs.2,52,000.Salvage value Rs.12,000.Depreciation for the second year @10%P.A under W.D.V method will be —-

Useful life of an asset can be described as——

Amortization refers to writing off ———

The W.D.V of an asset after three  years of depreciation on the reducing balance method @10% p.a is Rs.36,450.What was its original value?

The cost of a machine having a span of life of 5 years is Rs.1,00,000 with a scrap value of Rs.10,000.The amount of depreciation

under sum of years digit method for the second year will be ———

Which method of depreciation takes into account the element of interest on capital outlay ———–

Under which schedule is the depreciation rate mentioned?

Cost of Asset Rs.75,000.Useful life is 4 years . Find out the depreciation for the 1 st year under sum of years digit method ?

On 1st January,2006 A ltd purchased a machine for Rs.50,000 and spent Rs.4,000 on its carriage and Rs.2000 on its installation.

Its useful life is 10 years and scrap value is Rs.6,000. Depreciation for the year under fixed installment method will be ———

Scrap value of an asset means the amount that it can fetch on sale at the ———-Of its useful life.

A machine of Rs.3,000 was sold for Rs.4,200. Depreciation provision to date was Rs.400 and commission paid to selling agent was Rs.420 and wages paid to workers for removing the machine was Rs.30. Profit on sale of machine will be Rs.————-

Under annuity method asset A/C is debited by ————

Depreciation is the process of ————–

Original cost =Rs.1,26,000,Salvage value =Rs.6,000,Useful life = 6 years. What will be the book value of the asset as at the beginning of fourth year :(Under the sum of years digits method)

Obsolescence means decline in the value due to———–

Annuity method is designed for which of the following:

Cost of a machine =Rs.1,12,000, Salvage value =Rs.10,500, Useful life =5 years, Depreciation for the last year

using the sum of digits method will be Rs.———–

Depreciation starts on a machine from the date :

A trader purchased a machine for Rs.10,000 in Jan 2004. Depreciation  is charged @ 25% diminishing balance. At the end of third year it was sold for Rs.1000. Profit or loss on sale of machine will be ———

Cost of Machinery =Rs.2,52,000, Salvage value =Rs.12,000, Useful life = 6 years

Annual depreciation under straight line method will be ——-

Which of the following is Depleted ?

A Machine was purchased on 1 St April, 2007 for Rs.5,00,000 and 1 St October, 2007 for Rs.2,00,000. Calculate depreciation

@20%p.a on written down value method for the year ending 31 st March ,2008.

A Machinery is depreciated by Rs.2000 every year . Which method is being used to calculate depreciation?

A purchased a machine for Rs.2,50,000 minerals in the mine were expected to be 5,00,000 tonnes. In the first year 50,000 tonnes

of minerals were used. What is the depreciation for the first year?

Original cost=Rs.1,00,000, Life =5 years, Expected salvage value =Rs.2000. Rate of depreciation p.a=?

Price of the computer =Rs.50,000, Residual value=Rs.10,000, Hours worked for the year=6000.Estimated life of computers=20,000 hrs.

Calculate the amount of depreciation.

A Machine was purchased for Rs.50,000. Installation expenses amounted to Rs.2000 wages of Rs.4000 were paid on installation.

The scrap value at the end of its useful life of 10 years is Rs.6000. Repairs of Rs.6000 was made after 6 months from the date of

Purchase. Calculate depreciatin