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प्रश्न
List out the various methods of depreciation.
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उत्तर
- Straight-line method or fixed installment method or Original cost method.
- Written down value method or Diminishing balance method or Reducing balance method.
- Sum of years digits method.
- Machine hour rate method.
- Depletion method.
- Annuity method.
- Revaluation method.
- Sinking fund method.
- Insurance Policy 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:
Excess of Selling price of fixed asset over its Written Down Value.
Do you agree or disagree with the following statement:
Under written down value method the Depreciation curve slopes parallel to 'X' axis.
For which of the following assets, the depletion method is adopted for writing off cost of the asset?
Give the formula to find out the amount and rate of depreciation under straight line method of depreciation.
State the advantages of written down value method of depreciation.
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.
On 1st April 2015 Farid of Nasik purchased a Motor Car for ₹ 55,000. The scrap value of the Motor Car was estimated at ₹ 10,000 and its estimated life is 10 years. The Registration charges of the Motor Car was ₹ 5,000.
Show Motor Car Account for first four years, assuming that the books of accounts are closed on 31st March every year.
The Sum-of-the-Years’-Digits Method results in:
