Depreciation begins when the asset is:

Which factor is not considered while computing depreciable amount?

Under which method does depreciation remain fixed in amount every year?

Under WDV method, depreciation is charged on:

An asset costing ₹10,00,000 is purchased on 1st July. Depreciation @10% SLM. Books close 31 Dec. Depreciation for that year =

Straight line rate of depreciation =

Machine cost ₹18,00,000, scrap value ₹2,00,000, life 10 years. Depreciation (SYD) in first year:

WDV method assumes:

Which asset is NOT depreciated?

Depreciation is classified as:

A company purchased a machine for ₹9,00,000 with useful life 6 years. Residual value ₹60,000. SLM depreciation per year:

What is depreciable amount?

Machine purchased ₹5,00,000. Depreciation @10% WDV for Year-1 =

A machine costing ₹8,00,000 with residual value ₹80,000 has total productive capacity 2,40,000 units. If production in a year = 30,000 units, depreciation (Production units method) =

Machine purchased for ₹11,00,000 on 1 April. Sold on 1 Oct for ₹6,00,000. Depreciation @10% SLM. Useful life 10 years. Profit/Loss?

Provision for depreciation account is:

PPE must be revalued:

Downward revaluation (first time) is charged to:

A machine bought ₹10,50,000, residual value ₹50,000, life 10 yrs. SLM used for 2 yrs, then WDV @25%. Depreciation for 3rd year =

Machine cost ₹7,00,000, purchased 1 Jan 2017. Depreciation WDV @15%. WDV end of 2017?

Change in depreciation method is treated as:

If asset acquired on 1 Feb, books close 31 March, depreciation is charged for:

Patent cost ₹30,00,000, useful life 10 years, no residual. Amortisation per year (SLM):

Machine purchased for ₹12,00,000. Estimated life 10 years, residual value ₹2,00,000. First-year SYD depreciation?

Under WDV, depreciation amount:

Machine cost ₹15,00,000. Depreciation @10% WDV. Depreciation for year-2? Year-1 depreciation: ₹1,50,000 → WDV = ₹13,50,000. 10% of WDV for year-2 =

Machine cost ₹22,00,000. Residual value ₹2,00,000; life 8 years. 4th year SYD depreciation? Remaining years: 5. Sum of digits = 36. Depreciation = (5/36) × (₹22,00,000 − ₹2,00,000). The amount is:

Machine cost ₹30,00,000. Expected working hours 24,000. Scrap value ₹2,00,000. If the machine runs 2,600 hours, depreciation = (₹30,00,000 − ₹2,00,000)/24,000 per hour × 2,600 hours. The amount is:

If depreciation falls short due to change in method, adjustment is made to:

Which is NOT a cause for depreciation?

Asset bought ₹10,00,000 on 1 July, life 5 years, none residual. Depreciation SLM, first year:

Machine cost ₹18,00,000, residual ₹3,00,000, total production 3,00,000 units. Yr-1 production: 60,000 units. Depreciation?

PPE revalued upward: excess credited to:

Machine cost ₹20,00,000, straight-line method life 10 years. Revalued up by ₹80,000 at end of 4th year. Revised useful life total 12 years. What is the depreciation for the 5th year?

Downward revaluation with existing surplus:

A machine costing ₹10,00,000, life 5 years. At the end of the 3rd year, life is revised to 8 years total. What is the annual straight-line depreciation from the 4th year?

Provision for depreciation is shown in the balance sheet as:

Which cost is NOT capitalised?

Depreciation on machine purchased 1 Oct, books 31 Mar, total life 10 yrs, cost 10L, residual nil, SLM first year? Annual = 1L For 6 months = 50,000

Asset is depreciated because:

Find WDV end of 2nd year. Machine cost ₹8,00,000, WDV 10%: Year-1 dep 80k → 7,20,000 Year-2 dep 72k → 6,48,000

SYD depreciation for 2nd year (life 10, scrap 1L, cost 10L): Dep = 9/55 × 9L = 1,47,272 Closest ICAI patterns:

Under WDV, salvage value is:

Depreciation is charged even when an asset is unused because:

A change in useful life of an asset is accounted as:

Machine cost 15,00,000; residual 3,00,000; life 6 years. Production this period 5,000 units; total capacity 60,000 units. Depreciation for the period?

A machine costing 10,00,000 on 1 April is sold on 1 January next year for 6,00,000. Useful life 4 years, no scrap. Depreciation method SLM. What is the gain or loss on sale?

Intangible assets presumed useful life maximum:

Machine cost ₹14,00,000, installation ₹1,00,000. Depreciation at 10% under straight-line method. First-year depreciation if purchased on 1 July and books close on 31 December?

Written-down value rate required to reduce an asset from ₹10,00,000 to ₹2,50,000 in 4 years. Find rate r such that $$10{,}00{,}000 \times (1 - r)^4 = 2{,}50{,}000$$ .

Machine cost ₹12,00,000; life 5 years; sum-of-years-digits (SYD) method with sum = 15. What is the depreciation for year 1?

Under the production units method, depreciation is linked to which factor?

A machine cost ₹9,00,000, scrap value ₹60,000, life 6 years. Total expected production 50,000 units; year 1 production 10,000 units. Using the production units method, what is the depreciation for year 1?

Depreciation is compulsory even in loss years because:

Machine cost ₹6,00,000, useful life 4 yrs, nil scrap. After 2 yrs, life revised to 6 yrs total. New annual depreciation? Original dep = 1.5L/yr → 2 yrs = 3L WDV = 3L Remaining life = 4 yrs 3L/4 = 75,000

Under revaluation model, upward increase goes to:

Downward revaluation AND no previous surplus:

WDV is:

Intangible assets amortised based on:

Cost capitalised except:

Machine purchased ₹10L on 1 July, sold next 1 July for ₹7L. Depreciation under SLM for 10 years. Gain or loss?

Machine cost ₹15,00,000, life 5 years, residual nil. Depreciation under SLM when used only 9 months in the first year?

Sum-of-digits for life 10 years =

Machine cost ₹20L; scrap 2L; SYD first year (life 10)?

Major overhaul that increases useful life must be:

Provision for Depreciation appears:

Machine ₹10L on 1 April, sold 1 Oct same year for ₹9L, SLM life 5 years. Profit or loss on sale?

Intangible asset ₹5L, life 3 years, consumption pattern 50%, 35%, 15%. Amortisation in year 3?

Machine under WDV: first-year depreciation ₹1,20,000 at 10%. What is the cost of the machine?

Machine cost ₹30L. Using the sum-of-years-digits method with life 8 years and scrap nil, what is the first-year depreciation?

Machine cost ₹40L and installation ₹2L extra. Which amount is capitalised?

Machine cost ₹12L, WDV rate 10%. What is the total depreciation for two years?

Machine cost ₹16L, scrap ₹1L, life 7 years. Using the sum-of-years-digits method, what is the first-year depreciation?

Machine purchased at ₹25,00,000. Residual value ₹5,00,000. Life 5 years. If sold at the end of year 3 for ₹14,00,000 using straight-line method, what is the profit or loss on sale?

What is the written down value of machinery after 3 years if the cost is ₹10L and depreciation is 15% on the written down value method?

Property, plant and equipment must be revalued:

A machine costs ₹22L, scrap value ₹2L, life 10 years. Using the sum-of-the-years'-digits method, what is the depreciation in the 7th year?

Which does not belong to cost of PPE?

Depreciation under SLM remains constant because:

Machine 15L, scrap nil, life 5. Total production 2,00,000 units. Year output: 30,000. Depreciation?

If useful life reduced due to technological change, depreciation:

WDV after SYD depreciation: Machine cost ₹10L, scrap 1L, life 10 yrs. Depreciation in first year is 10/55 × 9L = 1.636L. WDV?

Machine cost ₹12L, purchased 1 July, life 6 yrs, scrap nil. Under SLM, what is the annual depreciation for the full life?

If depreciation is not provided, what is the impact on the financial statements?

A machine was purchased for 16L on 1 Jan with a life of 8 years. Depreciation is charged at 10% on the written down value (WDV). What is the depreciation for the second year? (Year 1 depreciation = 1.6L, closing WDV = 14.4L.)

Loss on sale of machinery is transferred to which account?

A machine costing 10L is depreciated on straight-line method over 5 years. It is sold at the end of the 3rd year for 4L. Depreciation so far is 6L, and the written down value (book value) is 4L. What is the profit or loss on sale?

A machine costs 12L, has a life of 8 years, and scrap value of 2L. Using the sum-of-years'-digits (SYD) method, what is the depreciation for year 2? (Sum of digits = 36; year-2 fraction = 7/36; depreciable base = 10L.)

Machine bought ₹9,00,000, scrap value ignored under:

Useful life of intangible assets presumed not to exceed:

Patent value ₹30L (including legal costs), life 10 yrs. What is amortisation for half-year?

Under which method is depreciation linked to machine running time?

Machine purchased ₹18L. Life 5 yrs. After 3 yrs, reassessed life = 8 yrs (total). What is depreciation under SLM from 4th year?

Machine cost ₹20L, WDV @10%. Dep for 3 years total?

Machine cost ₹12L, SYD last year (life 6 yrs), scrap nil?

Fully depreciated asset still used in business:

A machine bought for ₹10L, installation 50k. Freight 30k. Site preparation 70k. Training 40k. Cost capitalised? Training excluded.

What is the maximum useful life for goodwill as an intangible asset?

For a machine purchased at ₹25,00,000 with a residual value of ₹5,00,000 and a life of 10 years, what is the depreciation expense using the straight-line method?