Depreciation Pr...

The objectives of providing depreciation include:

X Ltd. Purchased a machine on 1st Jan for Rs. 2,40,000. Installation expenses were Rs. 20,000. Residual value after 5 years Rs. 10,000. On 1st July, expenses for repairs were incurred to the extent of Rs. 4,000. Depreciation rate = 10% Depreciation for 4th year will be:

Consider the following information:
I. Rate of depreciation under the written down method= 20%
II. Original cost of the asset = Rs. 2,00,000
III. Residual value of the asset at the end of useful life= Rs. 81,920
Depreciation for 3rd year = 

The balance in the accumulated provision for depreciation account of a company as at the beginning of the year was Rs. 2,00,000 when the original cost of the assets amounted to Rs. 10,00,000. The company charges 10% depreciation on a straight line basis for all the assets including those which have been either purchased or sold during the year. One such asset costing Rs. 5,00,000 with accumulated depreciation as at the beginning of the year of Rs. 80,00,000 was deposited off during the year.
Depreciation for the year is __________.

Purchase Price of Machine Rs. 1,50,000, Installation Charges Rs. 50,000, Residual Value Rs. 81,920, Useful life 4 years, the amount of depreciation under WDV Method for the third year will be: 

Which method is followed to have a uniform charge for depreciation and repair and maintenance together ?

Providing depreciation ensures sufficient cash for asset replacement under-

Date of purchase 1st July, Purchase Price of Machine Rs. 80,000, Installation Charges Rs. 20,000, Residual Value Rs. 40,960, Usefullife 4 years, Accounting year - financial year. Date when Machine was put to use- 1st Oct. Depreciation under WDV method for the first year will be:

Date of Purchase 1st July, Purchase Price of Machine Rs. 80,000, Installation Charges Rs. 20,000. Residual Value  Rs. 40,960. Useful life 4 years, Accounting year - Financial year.
The depreciation under SLM for the first year will be:

Date of Purchase - 1st July, Purchase Price of Machine Rs. 80,000, Installation Charges Rs. 20,000, Residual Value Rs. 40,960, Useful life 4 years, Accounting year -Financial year. Date when Machine was put to use- 1st Oct.
The depreciation under SLM for the first year will be:-