Depreciation Pr...

Depletion method is used in all except __________.

A purchased a machine for Rs. $$200,000$$ and incurred Rs. $$5000$$ on its installation and commissioning. After $$3$$ yrs it is sold for Rs. $$100,000$$ resulting into a loss of Rs. $$44,850$$. The book value of the machine on the date of sale is ___________.

A machinery was purchased on $$1-1-2013$$. It was delivered on $$1-4-2013$$. The installation was completed on $$1-7-2013$$. The trail run was completed on $$30-9-2013$$ and was made available for use on $$1-10-2013$$. The actual utilization started from $$1-12-2013$$. The effective period for calculation of depreciation for $$2013$$ is __________.

Secret reserve is created by way of_________.

On $$1-1-2014$$, a company acquired a car for Rs. $$350,000$$ on instalment basis and paid Rs. $$1,50,000$$ as down payment whose cash price was Rs. $$3,00,000$$. During $$2014$$, one instalment of Rs. $$50,000$$ (including Rs. $$15,000$$ interest) was paid. The amount of depreciation for the year $$2016$$ at $$10\%$$ on SLM is ___________.

A company purchased new Machine for Rs. $$50,000$$ on $$1$$st April and spent Rs. $$10,000$$ on its installation and Rs. $$5,000$$ on transportation. The useful life of the machine is estimated $$10$$years. The firm provides depreciation using sum of years digit method. What is the depreciation for the last year of working life of the machine?

Which of the following A/c would not be transferred to profit and loss A/c?

Calculate the rate of depreciation under the Straight Line method from the following details.
Cost of acquisition of the Machine Rs. $$140,000$$, Estimated scrap value at the end of $$10$$ years Rs. $$7,500$$, useful life of the Machine $$10$$ years.

Which of these is an example of accelerated method of depreciation.

A firm has a policy of charging depreciation on Plant and Machinery @20% under WDV method. Find the book value of the plant as on 31.03.09 if the same was purchased on 1.04.07 for Rs.50,000.