Depreciation Te...

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

The balance in the accumulated provision for depreciation account of a company as at the beginning of the year was Rs. 2,00,000 when the original cost of the assets amounted to Rs. 10,00,000. The company charges 10% depreciation on a straight line basis for all the assets including those which have been either purchased or sold during the year. One such asset costing Rs. 5,00,000 with accumulated depreciation as at the beginning of the year of Rs. 80,00,000 was deposited off during the year.
Depreciation for the year is __________.

Date of Purchase of Machine 1.4.2012, Cost: Rs. 12,00,000, Rate of Depreciation: 10% p.a. Straight Line Basis. On 1.10.2014, a new machinery was purchased for Rs. 80,000. The closing balance of Provision for Depreciation Account as at 31.3.2015 will be:

In which of the following methods, the cost of the asset is not spread over in equal proportion during its useful economic life?

Date of Purchase - 1st July, Purchase Price of Machine Rs. 80,000, Installation Charges Rs. 20,000, Residual Value Rs. 40,960, Useful life 4 years, Accounting year -Financial year. Date when Machine was put to use- 1st Oct.
The depreciation under SLM for the first year will be:-

The balance of Glass & Cutlery A/c on 01.01.2014 is Rs. 28,000. Glass & Cutlery purchased during the year were Rs. 16,000. Depreciation is to be charged on the above as follows-
-1/5th of its value is to be written off in the year of purchase, and 

According to the Income Tax Act, which method of charging depreciation is provided?

A machine was bought at a cost of Rs. 5 lacs on 1.1.02 During its life of 10 years it will be depreciated on SLM basis. On 31.12.08 the machine was sold for Rs. 50,000. Find out the profit/loss?

Cost of machinery = Rs.2,52,000
Salvage value = Rs.12,000
Useful life = 6 years
Annual depreciation under straight line method will be: 

In case of reducing balance method of charging depreciation is charged on the: