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Depreciation Pr...

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  • Question 1
    1 / -0

    Depreciation is the process of:

  • Question 2
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    A machine was bought at a cost of Rs. 5 lacs on 1.1.02 During its life of 10 years it will be depreciated on SLM basis. On 31.12.08 the machine was sold for Rs. 50,000. Find out the profit/loss?

  • Question 3
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    Which of the following is Depleted?

  • Question 4
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    Which method of depreciation is effective if repairs and maintenance cost of an asset increases as it grows old _________________.

  • Question 5
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    A machinery is depreciated by Rs. 2000 every year. Which method is being used to calculate depreciation?

  • Question 6
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    Cost of machinery = Rs.2,52,000
    Salvage value = Rs.12,000
    Useful life = 6 years
    Annual depreciation under straight line method will be: 

  • Question 7
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    In case of reducing balance method of charging depreciation is charged on the:

  • Question 8
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    A machine was purchased on 1st April 2007 for Rs 5,00,000 and 1st October 2007 for Rs 2,00,000. Calculate depreciation @ 20% p.a. on written down value method for the year ending 31st March 2008.

  • Question 9
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    If the rate of depreciation is the same, then the amount of depreciation under straight line method as compare to written down value method will be:

  • Question 10
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    X purchased a machinery on 01.04.2008 for Rs. 5,00,000. Depreciation is changed at WDV at the rate of 10% p.a. The written down value of the machinery for the year ending 31st march 2011 will be:

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