Depreciation Pr...

Date of Purchase of Machine 1.4.2012, cost: Rs. 12,00,000, Rate of Depreciation: 10% p.a Written down Value Basis. On 1.10.2014, a part of machinery purchased on 1.4.2012. for Rs. 80,000 was sold for Rs. 45,000. The closing balance of Provision for Depreciation Accounts as at 31.3.2015 will be: 

According to the Income Tax Act, which method of charging depreciation is provided?

Which Reserve has debit balance?

Provision for Discount on Debtors is_______________.

The W.D.V of an asset after three years of depreciation on the reducing balance method @ 10% pa. is its.36,450. What was its original value?

On $$1^{st}$$ January, 2006 A Ltd purchased a machine for Rs 50,000 and spent Rs 4,000 on its carriage and Rs. 2000 on its installation. Its useful life is 10 years and scrap is Rs. 6000. Depreciation for the year under fixed installment method will be:

The main objective of providing depreciation is to ______________.

Provision is________________________.

Amortization refers to writing off:

Depreciation is to be calculated from the date of _____________________.