Self Studies

Depreciation Te...

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  • Question 1
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    Under the diminishing balance method, the depreciation amount __________.

  • Question 2
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    Double-declining method is often used in ________.

  • Question 3
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    Under the diminishing balance method, depreciation amount is a/an ________.

  • Question 4
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    Under the diminishing balance method, depreciation is calculated on:

  • Question 5
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    Under the fixed installment method of providing depreciation it is calculated on

  • Question 6
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    Dinesh Garments purchased a machine for Rs. 50,000 and spent Rs. 6,000 on its erection. On the date of purchase, it was estimated that the effective life of the machine will be ten years and after ten years its scrap value will be Rs. 6000. The amount of depreciation for second year on straight-line basis is:

  • Question 7
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    Under straight line method, depreciation is calculated on:

  • Question 8
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    Madhur and Company purchases a machine for a certain sum. The company has a policy of charging 8% depreciation on written down value. The depreciated value of the machine after three years in the books of Madhur and Company is Rs. 3,89,344. What was the purchase value of machine.

  • Question 9
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    Under which of the following method of depreciation charged does not declines?

  • Question 10
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    Dinesh Garments purchased a machine for Rs. 50,000 and spent Rs. 6,000 on its creation. On the date of purchase it was estimated that the effective life of the machine will be ten years and after ten years its scrap value will be Rs. 6,000. The amount of depreciation for each year on straight line basis is :

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