Depreciation Pr...

Which of the following statement is incorrect?

Which of the following is a double entry for depreciation expenses?

Under ______ method depreciation is provided as a fixed percentage of the written down value of the asset.

In the calculation of depreciation, all of the following items are actually estimates except: _____.

For which of the following asset depreciation can be applied?
(I) Land
(II) Furniture
(III) Machinery

Q Ltd. acquired machinery on 1st January 2011 at a cost of Rs. $$72,000$$ and spent Rs. $$8,000$$ for its installation. The firm writes off depreciation at $$10$$% p.a on the original cost every year. The books are closed on 31st December every year, Closing balance of machinery account for 1st and 2nd year as per fixed instalment method will be Rs. _______

Z Ltd. acquired machinery on 1st January 2011 at a cost of Rs. $$72,000$$ and spent Rs. $$8,000$$ for its installation. The firm writes off depreciation at $$10$$% p.a on the original cost every year. The books are closed on 31st December every year. Depreciation for 1st and 2nd year as per fixed instalment method will be Rs. ________

Which of the following method is applicable in case of wasting assets, i.e., mines, quarries, oil well etc.?

Which of the following is odd with reference to depreciation ?

Z Ltd purchased a machine on 1.1.2012 for Rs. $$12,000$$. Installation expenses were Rs. $$1,000$$. Residual value after 5 years Rs. $$500$$. Depreciation is provided under SLM. Depreciation rate is $$10$$% p.a Annual depreciation = ?