हिंदी

Write the word/term/phrase which can substitute the following statement: Excess of Selling price of fixed asset over its Written Down Value.

Advertisements
Advertisements

प्रश्न

Write the word/term/phrase which can substitute the following statement:

Method of depreciation that cannot reach to zero value.

एक शब्द/वाक्यांश उत्तर
Advertisements

उत्तर

Method of depreciation that cannot reach to zero value. - Reducing/ Diminishing balance method

shaalaa.com
  क्या इस प्रश्न या उत्तर में कोई त्रुटि है?
अध्याय 7: Depreciation - Exercises [पृष्ठ २४२]

APPEARS IN

बालभारती Book Keeping and Accountancy [English] Standard 11 Maharashtra State Board
अध्याय 7 Depreciation
Exercises | Q 2. 10. | पृष्ठ २४२

संबंधित प्रश्न

Select the most appropriate answer from the alternatives given below and rewrite the sentence:

The amount of depreciation reduces year after year under ______


State whether the following statement is True or False with reasons:

Depreciation is charged on fixed assets.


State whether the following statement is True or False with reasons:

Depreciation increases the value of the asset.


State whether the following statement is True or False with reasons:

Depreciation need not be charged when business is making losses.


Do you agree or disagree with the following statement:

Under written down value method the Depreciation curve slopes parallel to 'X' axis.


Complete the following sentence:

Depreciation is charged on ______ 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.


Complete the following sentence:

Depreciation Account is a ______ account.


Which method shall be efficient, if repairs and maintenance cost of an asset increases as it grows older.


Depreciation is to be calculated from the date when ______.


List out the various methods of depreciation.


Give the formula to find out the amount and rate of depreciation under straight line method of depreciation.


Distinguish between straight-line method and written down value method of providing depreciation.


A firm purchased a plant for ₹ 40,000. Erection charges amounted to ₹ 2,000. The effective life of the plant is 5 years. Calculate the amount of depreciation per year under the straight-line method.


On 1st October 2014, a truck was purchased for ₹ 8,00,000 by Laxmi Transports Ltd. Depreciation was provided @ 15% p.a. under diminishing balance method. On 31st March 2017, the above truck was sold for ₹ 5,00,000. Accounts are closed on 31st March every year. Find out the profit or loss made on the sale of the truck.


A machine costing ₹ 23,000 is estimated to have a life of 7 years and the scrap value is estimated at ₹ 2,000 at the end of its useful life. Find out the amount of depreciation p.a.


M/s Sitaram and Co Purchased a Machinery on 1st January 2016 for ₹ 2,00,000. The company provides depreciation @ 10% p.a. on Reducing Balance Method on 31st March every year. Calculate Written Down Value of Machinery as of 31st March 2017.


On 1st January 2017 ‘Sai Industries, Nagpur’ purchased a Machine costing ₹ 1,65,000 and spent ₹ 15,000 for its installation charges. The estimated life of the Machine is to be 10 years and the scrap value at the end of its life would be ₹ 30,000. On 1st October 2018, the entire Machine was sold for ₹ 1,50,000.
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.


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 charge for 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.


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.


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 the Written Down Value Method, on 31st March every year. 

Prepare Printing Machine Account for the first four years.


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.


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 charge for 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.


Which depreciation method helps a firm accumulate funds for replacing an asset after its useful life?


Share
Notifications

Englishहिंदीमराठी


      Forgot password?
Use app×