The main causes of depreciation include

Useful life is

Which of the following statements is true?

Providing depreciation ensures sufficient cash for asset replacement under

Purchase price of machine 1, 50, 000, installation charges Rs. 25, 000, residual value Rs. 40, 960. The SLM rate of depreciation is 14.76% p.a. The useful life of the machine is

Purchase price of machine 75, 000, installation charges Rs. 25, 000, residual value Rs. 40, 960. The annual depreciation under WDV is Rs. 20, 000. The useful life of machine is

Consider the following information: I. Rate of depreciation under the written down method = 20% II. Original cost of asset = Rs. 2, 00, 000 III. Residual value of the asset at the end of useful life = Rs. 81, 920

The estimated useful life of the asset, in years is

Consider the following information: I. Rate of depreciation under the written down method = 20% II. Original cost of asset = Rs. 2, 00, 000 III. Residual value of the asset at the end of useful life = Rs. 81, 920

Depreciation for 3^rd year =

Date of purchase of machine is 1.4.20X4, cost: Rs. 12, 00, 000, rate of depreciation: 10% p.a. on Written down value basis. On 1.10.20X6, a part of machinery was purchased for Rs. 80, 000. The closing balance of provision for depreciation account as at 31.3.20X7 will be

X Ltd. which depreciates its machinery at 10% p.a. on diminishing balance method, had on 1^st April 20X6 some balance to the debit of machinery account. It purchased a new machine for Rs. 1, 90, 000 on 1.8.20X6 after incurring Rs. 10, 000. After providing depreciation the closing balance of machinery account as at 31.3..20X7 is Rs. 10, 64, 800.

The original cost of old machines purchased on 1.4.20X4 is

On October 01.2003 two machines costing Rs. 40, 000 and Rs. 30, 000 respectively, were purchased. On March 31, 2007 both the machines had to be discarded because of damage and had to be replaced by two machines costing Rs. 50, 000 and Rs. 40, 000 respectively

One of the discarded machine was sold Rs. 12, 000 and against the other it was expected that Rs. 10, 000 would be realized. The firm provides depreciation @ 15% on written down value

Depreciation for 2005 - 2006 =

Under annuity method the net charge to profit & loss account

Original cost = Rs. 1, 36, 000; salvage value = 10, 000, useful life = 6 years. Depreciation for the fourth year under sum of years digits method will be

In which of the following methods, is the cost of the asset written off in equal proportion during its useful economic life?

Which of the following is a factor of depreciation?

On October 01, 2003 two machines costing Rs. 40, 000 and Rs. 30, 000 respectively, were purchased. On March 31, 2007 both the machines had to be discarded because of damage and had to be replaced by two machines costing Rs. 50, 000 and Rs. 40, 000 respectively

One of the discarded machine was sold Rs. 12, 000 and against the other it was expected that Rs. 10, 000 would be realised. The firm provides depreciation @ 15% on written down value

The total amount of depreciation written off on the two machines till they were discarded is

Method of depreciation can be changed, only if

What is the journal entry for investment of amount of depreciation?

The value of an asset after deducting depreciation from the historical cost is known as

Which of the following is/are capitalised along with the purchase price of a fixed asset?

When the policy of charging depreciation is changed, which of the following statements will apply?

Which of the following statements is true with regard to WDV method of depreciation?

(i) The rate at which the asset is written off reduces year after year (ii) The amount of depreciation provided reduces from year to year (iii) The rate of depreciation as well as the amount of depreciation reduce year after year (iv) The value of the asset gets reduced to zero over a period of time.