Depreciation Pr...

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

The book value of an asset is defined as -

A manufacturer owns three machines - the first acquired on $$1.1.2011 for 1,10,000$$, the second on $$1.7.2013$$ for Rs$$90,000$$, and on 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 $$10,000$$. Using the straight-line method what is his depreciation for the year ended $$31.12.2015$$?

Which of the following is odd one?

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 $$1st$$ & $$2nd$$ year as per fixed instalment method will be Rs.__________

Original cost = Rs$$12,00,000$$. Salvage value = Rs$$2,00,000$$. Useful Life = $$10$$ years. Annual depeciation = ? & rate of 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. Department rate is $$10\%$$ p.a Annual depreciation=?

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 =?

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 ___________________.

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