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प्रश्न
Select the most appropriate answer from the alternatives given below and rewrite the sentence:
Depreciation is charged only on ______ assets.
विकल्प
Fixed
Current
Non-performing
Fictitious
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उत्तर
Depreciation is charged only on Fixed assets.
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संबंधित प्रश्न
Answer in One Sentence only:
Why depreciation is charged even in the year of loss?
Answer in One Sentence only:
Which account is credited when depreciation is charged?
Answer in One Sentence only:
What is Fixed Instalment Method?
Write the word/term/phrase which can substitute the following statement:
The method of depreciation in which the total depreciation is equally spread over the life of the asset.
Write the word/term/phrase which can substitute the following statement:
Excess of Selling price of fixed asset over its Written Down Value.
Select the most appropriate answer from the alternatives given below and rewrite the sentence:
The amount that a fixed asset is expected to realise on its disposal is known as ______
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The rate of depreciation depends upon the life of fixed asset.
Complete the following sentence:
Wages paid for Installation/fixation of Machinery is debited to ______ account.
Complete the following sentence:
Under ______ system, the amount of depreciation changes every year.
Complete the following sentence:
Depreciation = `"Cost of asset - _____________"/"Estimated Working Life of the Asset"`
Complete the following sentence:
The amount spent on installation of Machinery is a ______ expenditure.
Complete the following sentence:
______ is the value which an asset realises at the end of its useful life.
A depreciable asset may suffer obsolescence due to ______.
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State the advantages of straight-line method of depreciation.
State the limitations of straight-line method of depreciation.
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Calculate the rate of depreciation under straight-line method from the following information:
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Sameer & Company, Mumbai purchased a Machine worth ₹ 2,00,000 on 1st April 2016. On 1st July 2017, the company purchased an additional Machine for ₹ 40,000.
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Show the Machinery Account and Depreciation Account for the first three years ending 31st March 2016-17, 2017-18 and 2018-19
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On 1st Oct. 2015, the Furniture purchased on 1st April 2014 was sold for ₹ 15,000 and on the same day, a new Furniture was purchased for ₹ 20,000.
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Prepare Furniture Account and Depreciation Account for the year ending 31st March 2015, 2016, and 2017.
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Prepare Printing Machine Account for the first four years.
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A company uses a method that results in high depreciation expense initially and lower in later years. This pattern benefits them because:
