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Depreciation Te...

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  • Question 1
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    Under ____________ method depreciation is calculated on book value.

  • Question 2
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    An asset was shown in the Balance sheet during the last three years at $$Rs. 50000$$, $$Rs.45000$$ and $$Rs.40000$$, the depreciation for $$4th$$ year will be ___________.

  • Question 3
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    An asset is subject to $$10\%$$ depreciation on reducing balance method. If the book value of the asset as on $$31.03.13$$ is Rs. $$45000$$. The annual depreciation for the year $$2014-15$$ amounted to _________.

  • Question 4
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    In the case of assets used for generation and distribution of power, the Income-tax Act  prescribe which of the following method of depreciation.?

  • Question 5
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    ____________ is disadvantage of written down method of depreciation.

  • Question 6
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    Under which method of depreciation the depreciable cost of an asset is charged to profit and loss a/c in equal proportion during the working life of the asset ?

  • Question 7
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    In which of the following cases straight line method of depreciation is not appropriate?

  • Question 8
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    The book value of an asset on $$1-4-2013$$ is Rs. $$80,000$$. The asset is sold on $$31-12-2013$$ for Rs. $$60,000$$. If the rate of depreciation is $$15\%$$ on written down value, what is the profit and loss on sale of the Asset.

  • Question 9
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    Which of the following is one of the objection against straight line method of depreciation?

  • Question 10
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    Under ____________ method charge to revenue is uniform every year.

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