Depreciation is provided on all
Scrap value of an asset means the amount that it can fetch on sale at...
Depreciation arises because of
An asset is purchased for Rs. 25,000, depreciation is to be provided...
In which of the following methods, is the cost of the asset written...
The number of years an asset is expected to be useful before it wears...
Under this method, the annual charge for depreciation decreases from...
Original cost = Rs 1,26,000. Salvage value = 6,000. Useful Life = 6...
Under the diminishing balance method, depreciation
The estimated value of depreciable assets after its useful life...
Which of the following is of a capital nature? ...
Change in the method of depreciation is change in ________________ .
Under diminishing balance method, depreciation
The assumption underlying the fixed installment method of depreciation...
A machinery of Rs. 4,000 was sold for Rs. 5200. Depreciation provision...
Depreciation is provided on
The principal factor in measurement of depreciation is / are
Obsolescence of a depreciable asset may be caused by...
A new machine costing Rs.l lakh was purchased by a company to...
On purchase of second hand car for Rs.10,000 the amount of Rs.1000 is...
Long lived or plant assets includes
Consider the following information:...
Consider the following information:...
A transport company purchases a truck for Rs.2,00,000 on 1st January,...
A fixed assets costing Rs.60,000 has an estimated life of 8 years. At...
The number of production or similar units expected to be obtained from...
Amit Ltd. purchased a machine on 01.01.2003 for Rs 1,20,000....
On 1st Jan. 2006 Loose Tools A/c showed the balance of Rs. 4320. On...
Rohit purchased a machine on 1.1.2005 for Rs.1,20,000 installation...
Original cost = Rsl,26,000. Salvage value = 6,000. depreciation for...
For charging depreciation, on which of the following assets, the...
If a concern proposes to discontinue its business form March 2005 and...
A new machine costing Rs.l lakh was purchased by a company to...
Depreciation accounting is a process of...
Cost of machine 135,000 Residual value 5,000 Useful life 10 years....
Machinery costing Rs. 10,00,000 was purchased on 01.04.2006. The...
Original cost = Rs.1,26,000. Salvage value = 6,000. Useful life = 6...
Original Cost = Rs.1,00,000. Life = 5 years. Expected salvage value =...
Which of the following is correct? Depreciable are those assets which...
M/s Kapoor Bros, which was registered in the year 2000, has...
On 1st January, 2005, Alpha Ltd. purchased" a machine for...
Dinesh Garments purchased a machine for Rs.50,000 and spent Rs.6,000...
Original Cost = Rs.1,00,000. Life = 5 years. Expected salvage value =...
The balance in the accumulated provision for depreciation account of a...
The method of depreciation using the useful life measured in units of...
On 1.1.2005,a machine costing Rs.10,000 and a piece of furniture...
The value of an asset after deducting depreciation from the...
An old furniture appearing in the books at Rs.10,000 is to be...
Under straight iine method, depreciation is calculated on
A second hand car purchased for Rs.2,00,000 (excluding initial repair...
Which of the following is not one of the objectives of providing...
Sinking fund is created for
Which of the following statements is false?
The portion of the acquisition cost of the asset, yet to be allocated...
A firm purchases a 5 years" lease for Rs, 40,000 on 1st January....
Depreciation as 5% on office furniture of Rs. 8,000; at 10% on plant...
Depreciation on motor car, whose cost is Rs. 58,000 with an...
A boiler was purchased from abroad for Rs. 10,000, shipping...
A Machinery was purchased for Rs.50,000 on which depreciation was...
In January 2003, a trader purchased machinery for Rs.1,00,000...
B Limited has been charging depreciation on the straight line method....
B Limited has been charging depreciation on the straight line method....
Land is not depreciable asset because
In case of mineral resources
Consider the following information:...
Consider the following information:...
In the books of D Ltd. the machinery account shows a debit balance of...
A lease is purchased on 1st January, 2005 for 4 years at a cost of...
Machinery costing Rs.10,00,000 was purchased on 1.4.2006. The...
A company purchased machinery for Rs. 20,000 on 1st January 2003 and...
Brij Ltd. Purchased a Old machine on 1.1.2004 for...
Machinery bought on 1st July 2004 for Rs. 20,000 was sold on Dec. 31,...
Amit Ltd. purchased a machine on 01.01.2003 for Rs.1,20,000....
In which of the following methods, the cost of the asset is not...
The balance of furniture and fixtures as on 1st April, 2005 was...
A Ltd. Company purchase machinery on 1st April, 2004 for...
Machinery costing 50,000 was purchased on 1st January 2006. The...
A machine purchased on 1st April 2004 for Rs. 10,000 is showing a...
A company purchased plant for Rs. 5,000. The useful lite of the plant...
Under annuity method, interest is calculated on
Original cost Rs.1,50,000, Salvage value Nil, Useful Life - 5 years...
Original cost = Rs.1,26,000; Salvage Value = Nil; useful = 6 years....
In the year 2004-05; C Ltd. purchased a new machine and made the...
In the year 2004-05; C Ltd. purchased a new machine and made the...
In the books of D. Ltd. the machinery account shown a debit balance of...
Depreciation of fixed assets is an example of ______________...
A building purchased on 1st January 2003 at Rs.1500000 having useful...
On April 01,2004 the debit balance of the machinery account of A Ltd....
In the books of D. Ltd. the machinery account shown a debit balance of...
Which of the following methods is normally ...
A car is acquired on instalment basis, the cash price of the car being...
A seven years lease has been purchased for a sum of Rs. 60,000 and it...
A Machinery purchased for Rs.40,000 and paid Rs.5,000 on...
Amit Ltd. purchased a machine on 01.01.2003 for Rs.1,20,000....
The number of production (or) similar units expected to be obtained...
Original cost = Rs.1,26,000; Salvage value = Nil; Useful life = 6...
Depletion method of depreciation is used in ______________
In the case of downward revaluation of an asset which is for the first...
On April 01,2004 the debit balance of the machinery account of A Ltd....
A machinery is purchased for Rs.60,000. Depreciation is to be provided...
The balance in the accumulated provision for depreciation account of a...
On August 01, 2002, K Travels Ltd. bought four Motor vans...
A trader purchased furniture on Jan 1, 2004 for Rs. 5,200. Its scrap...
For charging depreciation, on which of the following assets, the...
Which of the following is not true with regard to fixed assets
On April 01,2004 the debit balance of the machinery account of A Ltd....
In ______________ method,depreciation is charged by allocating...
Which of the following statements is true or false?...
M. Raja manufacturing company purchased machinery for Rs.9,000 on...
Which of the following assets is usually assumed to be not...
The balance of machine on 31st March 2006 is Rs.72,900. The machine...
Machinery costing Rs.500000 was purchased on 1.4.2005....
Original Cost = Rs.63000. Salvage value = 3000. Depreciation for 2nd...
Original cost = Rs.252000. Salvage value = 12000. Depreciation for 3rd...
Consider the following information:...
On October 1, 2001 two machines costing Rs.20,000 and Rs.15,000...
M/s ABC Brothers, which was registered in the year 2000, has been M T...
A machine purchased on 1st January, 2003 at Rs.15,00,000, having...
The original cost of furniture is amounted to Rs. 80,000. It is...
Cost of motor Rs.2,00,000 scrap value Rs.20,000. Useful life 4...
Depreciation on plant & machinery whose cost is Rs.80,000 with an...
Which of the following is an external cause of depreciation
The plant and machinery account of a firm had a debit balance of Rs....
B Limited has been charging depreciation on the straight line method....
A machine purchased on 1.4.2003 for Rs.10,00,000 was depreciated on...
Furniture bought on 1st October 2005 for Rs.40,000 was sold on 31st...
Original cost = Rs.1,26,000; salvage value = Nil; Useful life = 6...
B Limited has been charging depreciation on the straight line method....
In Jan, 2004, A trader purchased Furniture for Rs.10,000, Depreciation...
Depreciable amount of the machinery is Rs.11,00,000. The machine is...
Out of four floors of a building, ground floor is used as a store...
In the year 2004-05; C Ltd. purchased a new machine and made the...
On October 1, 2001 two machines costing Rs.20,000 and Rs.15,000...
On April 01,2004 the debit balance of the machinery account of A Ltd....
Depreciation is a process of
Amit Ltd. purchased a machine on 01.01.2003 for Rs.1,20,000....
Which of the following expenses is not included in the acquisition...
A machinery was purchased on 1-1- 2006. It was delivered on 1-4-2006....
A company purchased a motor car for Rs.5,00,000. Estimated useful life...
A new machine costing Rs.l lakh was purchased by a company to...
Consider the following data pertaining to M/s.E Ltd. who...
Books of Ekta, shows on 1st January 2006 furniture Rs. 20,000. During...
On April 01,2004 the debit balance of the machinery account of A Ltd....
A new machine costing Rs.l lakh was purchased by a company to...
In the books of D. Ltd. the machinery account shown a debit...
Original cost = Rs.1,26,000. Salvage value = 6,000. Depreciation for 2...
On April 01,2004 the debit balance of the machinery account of A Ltd....
A new machine costing Rs.l lakh was purchased by a company to...
H Ltd. purchased a machinery on April 01, 2000 for Rs.3,00,000. It...
B Limited has been charging depreciation on the straight line method....
A machinery of Rs. 3,000 was sold for Rs. 4200. Depreciation provision...
H Ltd. purchased a machinery on April 01, 2000 for Rs.3,00,000....
If cost of an asset is Rs.8,000 life is 3 years and estimated scrap...
On April 01,2004 the debit balance of the machinery account of A Ltd....
Which of the following reasons provide the best theoretical support...
The portion of the acquisition cost of the asset, yet to be allocated...
B Limited has been charging depreciation on the straight line method....
On April 01,2004 the debit balance of the machinery account of A Ltd....