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प्रश्न
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 ______
विकल्प
Book value
Scrap value
Market value
Original value
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उत्तर
The amount that a fixed asset is expected to realise on its disposal is known as Scrap value.
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संबंधित प्रश्न
Answer in One Sentence only:
Which account is credited when depreciation is charged?
Answer in One Sentence only:
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Select the most appropriate answer from the alternatives given below and rewrite the sentence:
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Select the most appropriate answer from the alternatives given below and rewrite the sentence:
The amount of depreciation remains constant every year under ______
State whether the following statement is True or False with reasons:
Depreciation increases the value of the asset.
Complete the following sentence:
Under ______ system, the amount of depreciation changes every year.
Under the written-down value method of depreciation, the amount of depreciation is ______.
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Give the formula to find out the amount and rate of depreciation under straight line method of depreciation.
State the advantages of straight-line method of depreciation.
State the limitations of straight-line method of depreciation.
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Show Machinery Account, Depreciation Account, for the years 2016-17, 2017-18, and 2018-19 assuming that the accounts are closed on 31st March every year.
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Prepare the Machinery Account and Depreciation Account for the year 2015-16, 2016-17, and 2017-18.
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M/s Omkar Enterprise Jalgaon acquired a Printing Machine for ₹ 75,000 on 1 Oct 2015 and spent ₹ 5,000 on its transport and installation. Another Machine for ₹ 45,000 was purchased on 1st Jan 2017. Depreciation is charged at the rate of 20% on Written Down Value Method, on 31st march every year.
Prepare Printing Machine Account for the first four years.
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Show Motor Car Account for first four years, assuming that the books of accounts are closed on 31st March every year.
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Show Motor Car Account for first four years, assuming that the books of accounts are closed on 31st March every year.
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 Revaluation Method is best suited for which type of assets?
