Depreciation Pr...

The cost of the machine is _______

Depreciable value of an asset is equal to _________.

A firm owns a fleet of vehicles acquired at a total cost of Rs$$4,80,000$$. Accumulated depreciation up to the beginning of the current year is Rs$$2,12,400$$. Vehicles are depreciated at $$25\%$$ p.a using the reducing balance method. The written down value of the vehicles by the end of the current year would be:-

The book value of an asset is defined as ___________.

S Ltd acquired a machine on 1st January, 2010 at a cost of Rs. $$1,40,000$$ and spent Rs. $$10,000$$ on its installation. The firm writes off depreciation at $$15$$% p.a on WDV. The books are closed on 31st December every year. After 3 years machine sold for Rs. $$97,000$$. Profit/Loss on sale = ? 

The allocation of the cost of a tangible plant asset to expense in the periods, in which services are received from the asset, is termed as _______.

K & Co. acquired machinery on $$1$$st July $$2011$$ at a cost of Rs$$45,000$$ and spent Rs$$5,000$$ for its installation. The firm writes off depreciation at $$10\%$$ p.a on the original cost every year. The books are closed on $$31st$$ March every year. Depreciation for the year ended $$31st$$ March $$2012$$ & $$31$$st March $$2013$$ will be Rs....... & Rs ..............

A firm acquired machinery on 1st July 2019 at a cost of Rs 45,000 and spent Rs 5,000 for its installation. The firm writes off depreciation at 10% per annum on the diminishing balance method. The books are closed on 31 st March every year. Depreciation for the year ended 31st March 2020 & 31st March 2021 will be Rs_______& Rs________.

Original Cost = Rs. 1,00,000. Life = 5 years. Expected salvage value = Rs. 2,000
Rate of depreciation p.a.as per straight line method is _______.

On the basis of the information given below answer the following question.
In the year 2014-15 C Ltd. purchased a new machine and made the following payments in relation to it:-