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तामिळनाडू बोर्ड ऑफ सेकेंडरी एज्युकेशनएचएससी वाणिज्य इयत्ता ११

If the rate of depreciation is same, then the amount of depreciation under straight line method vis-à-vis written down value method will be ______.

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प्रश्न

If the rate of depreciation is the same, then the amount of depreciation under straight-line method vis-à-vis written down value method will be ______.

पर्याय

  • Equal in all years

  • Equal in the first year but higher in subsequent years

  • Equal in the first year but lower in subsequent years

  • Lower in the first year but equal in subsequent years.

MCQ
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उत्तर

If the rate of depreciation is same, then the amount of depreciation under straight-line method vis-à-vis written down value method will be equal in the first year but higher in subsequent years.

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पाठ 10: Depreciation Accounting - Multiple choice questions [पृष्ठ २२४]

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सामाचीर कलवी Accountancy [English] Class 11 TN Board
पाठ 10 Depreciation Accounting
Multiple choice questions | Q I 10. | पृष्ठ २२४

संबंधित प्रश्‍न

Answer in One Sentence only:

Which account is credited when depreciation is charged?


Answer in One Sentence only:

What is Fixed Instalment Method?


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

The Profit or Loss on sale of fixed asset is ascertained only after charging depreciation.


Complete the following sentence:

Depreciation is charged on ______ asset.


Complete the following sentence:

Depreciation = `"Cost of asset - _____________"/"Estimated Working Life of the Asset"`


List out the various methods of depreciation.


Ragul purchased machinery on April 1, 2014 for ₹ 2,00,000. On 1st October 2015, a new machine costing ₹ 1,20,000 was purchased. On 30th September 2016, the machinery purchased on April 1, 2014 was sold for ₹ 1,20,000. Books of accounts are closed on 31st March and depreciation is to be provided at 10% p.a. on straight line method. Prepare machinery account and depreciation account for the years 2014-15 to 2016-17.


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.


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.


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