Depreciation Pr...

The main objective of providing depreciation is to ___________.

A Co.purchased a new machine and made the following payments in relation of it:

Original cost of a machine was Rs. $$2,52,000$$; Salvage value was $$12,000$$. Useful Life was 6 years, Annual depreciation under Straight Line Method will be __________.

In the books of D Ltd. the machinery account shows a debit balance of Rs. $$60,000$$ as on April $$1, 2003$$. The machinery was sold on September $$30$$, $$2004$$ for Rs. $$30,000$$. The company charges depreciation @ $$20\%$$ p.a. on diminishing balance method. Profit/Loss on sale will be ____________.

Suraj Ltd. purchased a machine on 1.1.2003 for Rs 1,20,000. Installation expenses were Rs 10,000. Residual value after 5 years Rs 5,000. On 1.7.2003, expenses for repairs were incurred to the extent of Rs 2000. Depreciation is provided under straight line method. Depreciation rate = 10%. Annual Depreciation = _________

Reducing balance method of depreciation is ____________.

An asset was purchased for Rs 10,000 on which depreciation was provided @ 5% SLM method. The WDV of the asset at the end of two years is _________.

Which of the following terms is used to describe the process of writing down the long-term investments in intangible assets?

The cost of a machinery having a life span of $$5$$ years is $$Rs. 1,00,000$$. It has a scrap value of $$Rs. 10,000$$. The amount of depreciation under the sum of digits method in the first year 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: