Depreciation Pr...

S.Ltd. acquired a machine on 1st January 2010 at a cost of Rs 1,40,000 and spent Rs 10,000 on its installation. The firm writes off depreciation at  15% on WDV. The books are closed on 31st December every year. After 3 years machine sold for Rs 87,000. Profit Loss on sale =?

Depreciation accounting is _______________.

Depreciation in subsequent years (other than the first year) is ___________.

A Company purchased plant for Rs. 50000. The useful life of the plant is 10 years and the residual value is Rs. 5000. The management wants to depreciate it by straight line method. What will be the rate of depreciation?

The written down value of machine on 31st March 2013  is Rs 72,900. The machine was purchased on 1st April, 2010. Depreciation is charged @ 10 % p.a by diminishing balance method. The cost price of the machine = ?

With reference to manufacturing account, which of the following is not true:

Which of the following statement is/are NOT correct?

Depreciation is related to:

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 $$2013$$?

M & Co. purchased a machine for a certain sum. The firm has a policy of charging 8 %  depreciation on written down value. The depreciated value of machine after three years is Rs 3,89,344. Purchase price of machine = ?