Depreciation Pr...

A manufacturer owns three machines - the first acquired on 1.1.2011 for Rs. $$1,10,000$$, the second on 1,7,2013 for Rs.$$90,000$$, and the third on 1.10.2015 for Rs. $$1,30,000$$. He expects to use each machine for ten years and realize the scrap for Rs. $$10,000$$. Using the straight-lie method what is his depreciation for the year ended 31.12.2015?

A firm owns a fleet of vehicles acquired at a total cost of Rs. $$2,64,800$$. Accumulated depreciation up to the beginning of the current year is RS. $$1,12,400$$. Vehicles are depreciated at $$20$$% p.a using the straight-line method. The written down value of the vehicles by the end of the current year would be -

Which of the following is/are advantage of Reducing balance method/WDV method?

Machinery costing Rs. $$20,00,000$$ was purchased on 1.4.2012. The installation charges amounting Rs. $$5,00,000$$ were incurred. The depreciation at $$10$$% p.a on straight line method for the year ended 31st March, 2013 will be -

V Ltd acquired machine on 1st July, 2010 at a cost of Rs. $$15,000$$. The firm writes off depreciation at $$10$$% pa.a on WDV. The books are closed on 31st March every year. On 30th June  2013 machine sold for Rs. $$8,000$$. Profit/Loss on sale = ?

A Ltd. acquired a machine on 1st January, 2010 at a cost of Rs. $$14,000$$ and spent Rs. $$1,000$$ on its installation. The firm writes off depreciation at $$10$$% p.a. of the original cost every year. The books are closed on 31st December every year. After 3 years machine sold for Rs. $$9,000$$. Profit/Loss on sale = ?

N Ltd. Purchase Machinery for Rs. $$10,00,000$$ on 1.1.2012. Installation expenses were Rs.$$50,000$$. Life of the asset is 6 years at the end of which asset can be sold at Rs. $$30,000$$. Annual depreciation under straight line method will be = ?

C Ltd. acquired a machine on 1st January, 2010 at a cost of Rs. $$14,000$$ and spend Rs. $$1,000$$ on its installation. The firm writes off depreciation at $$10$$% p.a of the original cost every year. The books are closed on 31st December every year. On 31st May 2013 machine sold for Rs. $$8,000$$. Profit/Loss on sale = ?

Original cost =Rs. $$88,200$$. Salvage value $$4,200$$. Useful Life $$=3$$ years. Depreciation rate = ?

Original cost =Rs. $$1,76,400$$. Salvage value $$=8,400$$.Useful Life$$6$$ years. Annual depreciation under SLM =?