Depreciation Pr...

Which of the following objectives are achieved by providing depreciation?

Depreciation is a ___________.

Under which method of depreciation annual de-preciation remains constant.

The book value of an asset on 1-4-2006 is Rs. 1,80,000. The asset is sold on 31-12-2006 for Rs. 1,20,000. If the rate of depreciation is 10% on written down value. What is the profit and loss on sale of the asset? 

Present liability of uncertain amount, which can be measured reliably, is termed as __________.

Under which method of depreciation annual depreciation charges bears a fixed $$\%$$ of the original depreciable value of the assets.

Under which method of depreciation annual depreciation charges bears a fixed % of book value of the assets

If a company follows the written down value method of depreciating machinery year after year, it is due to __________.

A provision should be recognized when _______________.

The depreciation is an expense accruing ______________.