Depreciation Te...

Asset purchase in 2008 at $$Rs.10000$$. The depreciation amount for $$2$$ years @$$10$$% p.a under straight line method ____________.

An asset was purchased in $$2010$$ at $$Rs.10000$$. Calculate the opening balance amount after $$2$$years when depreciation is charged @$$10$$% p.a. under the straight line method.

Asset purchased on 1st September 2020 for $$Rs.15000$$. Calculate depreciation as on 31 March 2021 on the asset, rate of depreciation is 12% ____________.

On January 1, 1992, there was a balance of Rs. 4,000 in the plant and machinery account. An addition of Rs. 2,000 was made on July 1, 1992. Accounts were closed for the year on December 31, 1992. If depreciation was charged at 10% per annum, the balance in the plant and machinery account on the closing date would be:

The written down method is based on __________________ assumption of same amount.

An asset is purchased in 2020 at Rs.10,000. Calculate the book value of the asset after 2 years, when depreciation is charged @ 10% p.a. under the straight-line method.

An asset is subject to $$10\%$$ depreciation on reducing balance method. If the book value of the asset as on $$31.03.14$$ is Rs. $$40500$$. The annual depreciation for the year $$2013-14$$ amounted to __________.

XYZ purchased a plant having estimated useful life of $$15$$ years, however after $$5$$ year the remaining life of the asset is revised to $$5$$ years. Rs. $$40,000$$ being the remaining depreciable amount will be charged/allocated over ____________.

___________ of depreciation takes into account interest on capital outlay.

The pattern of annual depreciation charge of an asset for the three years was Rs. $$5000$$, Rs. $$4500$$ and Rs. $$4050$$. Discuss the rate of depreciation charge.