DEPRECIATION

At the time of charging depreciation, ____ account is debited and ____ account is credited.

Discarding the old machinery, due to new invention, is called _______.

Estimated sales value of an asset after its working is called_____.

In Straight line method, annual amount of depreciation remains _____in comparison to diminishing balance method

At the end of useful life of an asset, the book value of the asset is ___ under Straight Line Method

The original cost of an asset is Rs. 1,20,000 and its Scrap Value is likely to be Rs.20,000 after its estimated useful life of 10 years, the annual depreciation written off will be _____.

Annual depreciation of an asset is Rs.25,000 and the cost of acquiring an asset is Rs.5,00,000. So the rate of depreciation would be ____% p.a.

The original cost of a machinery is Rs.15,000, salvage value is Rs.1500 after 9 years and repair charges in second year is Rs.1,000. The Rate of Depreciation per annum is___

A company purchased machinery on December 31,2017 for Rs.60,000. Installation charges were Rs.25,000 and carriage was Rs.15,000.Depreciation provided @10% p.a. under Straight Line Method. The total Depreciation till March 31, 2019 is Rs.______ .

Amortisation is a gradual and systematic writing off of--------------.