Depreciation Pr...

If the annual depreciation charge on an asset for three years is Rs. $$6000$$, Rs. $$5400$$, Rs. $$4860$$. Discuss the method of depreciation followed by the company.

Under ____________ method depreciation is calculated on book value.

Depreciation does not depends on ___________.

"Any amount written off or retained by way of providing for depreciation, renewals or diminution in the value of assets or retained by way of providing for any known liability" is called ____________.

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 ?

ABC Ltd. paid Rs. $$24$$ lakh for use of copy right purchased. This amount can be written off under _________ method of depreciation.

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

__________ may be defined as a sum set aside out of divisible profits ad retained in order to provide for unexpected or unknown contingencies or loss or to equalize dividends or to strengthen the financial condition of the business.

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

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.