Depreciation Pr...

Which method of depreciation is suitable when expenditure on repairs and maintenance increases as the machine grows old?

Depletion method is normally applied in case of _________ assets.

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:

For depreciation mines, the suitable method is:

In purchase method, the excess of net asset of the transferor company acquired by the transferee company over the purchase consideration should be recognized as ________.

Depreciation is provided on _________.

Which of the following asset does not depreciate?

Depreciation refers to 

The term depletion is used in relation to ___________.

Wages paid for erection of machinery are debited to ____________.