Depreciation Te...

Original cost of an asset was Rs. $$2,52,000$$. Salvage value was $$12,000$$. Depreciation for 2nd year @$$10$$% p.a under WDV method will  be

J.P. Ltd. purchased a machine for Rs. 15,000 on 1st April 1997, Depreciation is .provided @ 10% on written down value method. Depreciation for 1998-99 will be:

Original cost of an asset was Rs. $$1,00,000$$. Life 5 years. Expected salvage value was Rs. 5,000. Hence Depreciation for 3rd year as per straight line method is ___________.

Amit Ltd. purchased a machine on $$01.01.2003$$ for Rs. $$1,20,000$$. Installation expenses were Rs. $$10,000$$. Residual value after $$5$$ years Rs. $$5,000$$. On $$01.07.2003$$, expenses for repairs were incurred to the extent of Rs. $$2,000$$. Depreciation is provided under straight line method. Depreciation rate is $$10\%$$ Annual Depreciation will be ____________.

A company imported a machine on 01.07.2002 for Rs. $$64,000$$, paid customs duty and freight Rs. $$32,000$$ and incurred erection charges Rs. $$24,000$$. On 01.07.2004, one third portion of the imported machinery was sold for Rs. $$13,920$$. Depreciation is to be calculate at $$20$$% p.a on straight line basis. Profit/Loss on sale will be:

Under which method of depreciation, the value of machinery never comes to zero?

An asset is purchased for Rs. $$60,000$$ and Rs. $$2,000$$ is spent on its installation. The useful life of plant is 10 years and the essential scarp value is Rs. $$6,000$$. Annual Depreciation under the original cost method would be _______________.

Given that the value of furniture on $$1-1-2001$$ is $$Rs. 80,000$$ furniture purchased during the year is $$Rs. 40,000$$, sale of furniture on no loss on profit basis is $$Rs. 20,000$$ and the furniture is valued at $$Rs. 70,000$$ on $$31.12.2001$$, the depreciation for the year $$2001$$ will be _______________.

Reducing balance method of depreciation is ____________.

Under the straight line method of depreciation, the amount of depreciation is :