Depreciation Pr...

Equipment was purchased on 1st January 2012 for Rs. $$25,000$$ and is to be depreciated at $$30$$% based on reducing balance method. If the company closes its books of account on 31st March every year, what would be the net book value of the equipment as at 31st December, 2013?

A boiler was purchased by a company for Rs.20 lakhs. After 2 years its cost came down to Rs.10 lakhs. The salvage value of the boiler is Rs.2 lakhs. On which cost the depreciation for the asset will be calculated in Straight Line method?

An additional purchase was made for machine on 15.06.2009. Under straight line method ________.

For an asset owned for more than one year, the depreciation charge for the year calculated using the reducing-balance basis at the rate of 35% would be arrived at as follows:

If an accumulated provision for depreciation account is in use then the entries for the year's depreciation would be ________.

An additional purchase of Rs.2,00,000 was made for a machine on 01.12.2006. Under straight-line method, depreciation at the rate of 10% ________.

Which of the following is NOT a feature of depreciation?

In the Straight-line method of providing depreciation, depreciation _______.  

Invariably in diminishing balance method ________.

In diminishing balance method ________.