A motorcycle which costs RM12,000 is expected to have useful life of 7 years and a scrap value of RM3,000. Calculate the accumulated depreciation of the motorcycle at the end of 4th year using the straight line method. Depreciation
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The price of a van is RM120,000. The van is expected to have useful life of 15 years and a scrap value of RM6,000. Calculate the book value of the van at the end of 10th year using the straight line method.
What will be the amount of depreciation of plant for fifth year as per straight line method when original cost of plant $1,000,000; Salvage value $40,000 , Expected useful life 10 years?
Under straight line method if the cost of asset is 45000 and scrap value is 5000 anduseful life is 10 year, then the amount of depreciation will be:
The cost of new machine is RM50,000. Its estimated useful life is 9 years with a salvage value of RM5,500. If the annual rate is 21.75%, find the book value at the end of 5 years using declining balance method.
Cost = RM 5,000The expected to be obsolete = 5 yearsSalvage value = RM 1,000Find the book value at the end of 3rd year using the straight line method.
Find the amount of depreciation chargeable under the straight line method for the second year if amount for first year is $4,000
Original cost of machinery Rs. 5,500, scrap value Rs. 500, the useful life of machinery 10 years, then the annual value of deprecation will be: 2018
If original cost of an asset is Rs. 10,000, rate of depreciation 10 % p.a. then the value of depreciation under diminishing balance method after third year will be: 2016
A machinery costing ₹ 5,00,000 is depreciated @ 20% p.a. at straight line method. At the end of three years, the book value of the machinery will be :
A milling machine was bought for $200,000 and has accumulated depreciation of $65,000. On February 20th, the company disposed of the machine receiving nothing in return. How would you record the loss on the disposal of the milling machine?
A type of accelerated depreciation that multiplies the book value of an asset by a constant depreciation rate to determine annual depreciation.
Recording an equal amount of depreciation expense for a plant asset in each year of its useful life.
The net book value of assets is obtaining by deducting _______ with accumulated depreciation.
In straight line method, depreciation is calculated on: 2018
The original cost of a plant asset minus accumulated depreciation.
The original cost of a plant asset minus accumulated depreciation. (p. 451)
Which method of depreciation calculates a depreciation cost that is the same or a uniform amount per annum?
A method that recognizes one half of a year's depreciation in the year of acquisition.
A method that recognizes a full year's depreciation if the asset is acquired in the first half of the year.
The value of an asset at the end of its useful life is....