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प्रश्न
If the total charge of depreciation and maintenance cost are considered, the method that provides a uniform charge is ______.
विकल्प
Straight line method
Diminishing balance method
Annuity method
Insurance policy method
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उत्तर
If the total charge of depreciation and maintenance cost are considered, the method that provides a uniform charge is diminishing balance method.
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संबंधित प्रश्न
Write the word/term/phrase which can substitute the following statement:
The type of asset on which depreciation is charged.
Write the word/term/phrase which can substitute the following statement:
Expenses incurred for fixation of the new asset to bring it in working condition.
Complete the following sentence:
Depreciation is charged on ______ asset.
Under straight-line method, the amount of depreciation is ______.
Under the written-down value method of depreciation, the amount of depreciation is ______.
Distinguish between straight-line method and written down value method of providing depreciation.
Furniture was purchased for ₹ 1,00,000 on 1.7.2016. It is expected to last for 5 years. Estimated scrap at the end of five years is ₹ 10,000. Find out the rate of depreciation under the straight-line method.
Calculate the rate of depreciation under straight-line method from the following information:
Purchased second-hand machinery on 1.1.2018 for ₹ 38,000
On 1.1.2018 spent ₹ 12,000 on its repairs
Expected useful life of the machine is 4 years
Estimated residual value ₹ 6,000.
From the following particulars, give journal entries for 2 years and prepare machinery account under straight-line method of providing depreciation:
Machinery was purchased on 1.1.2016
Price of the machine ₹ 36,000
Freight charges ₹ 2,500
Installation charges ₹ 1,500
Life of the machine 5 years
The Sum-of-the-Years’-Digits Method results in:
