Depreciation Pr...

A machine is purchased for Rs 1,00,000. Installation charges of Rs. 10,000 were incurred. Depreciation @ 10% was provided on straight fine Bases. The machine was sold for Rs. 60,000 after 5 years. Calculate the profit or loss on sale of machine.

Depreciation means ___________________.

Under the diminishing balance method, the amount of depreciation is calculated on __________________.

'A' purchased a computer on 1.04.06 for Rs. 60,000. He purchased another computer on 1.10.07 for Rs. 40,000. He charges depreciation at 20% p.a. on the straight-line method. What will be the closing balance of the computer as on 31.3.09?

When the plant and machinery are in very good condition, depreciation:

The profit on depreciation policy is transferred to :

If the Market price of machinery is more than the book value then ________________.

The normal balance in the accumulated depreciation A/c is equal to the __________ .

Which of the following is correct?

Which method of depreciation is suggested for coal mines?