Depreciation is defined as: allocation of __________of non-current asset over its ______________________. Depreciation
Answer: costuseful life
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A type of accelerated depreciation that multiplies the book value of an asset by a constant depreciation rate to determine annual depreciation.
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
Recording an equal amount of depreciation expense for a plant asset in each year of its useful life.
Which method of depreciation calculates a depreciation cost that is the same or a uniform amount per annum?
Depreciation of an asset should not exceed the: 2015
Depreciation in the value of asset is -
The original cost of a plant asset minus accumulated depreciation.
A method that recognizes a full year's depreciation if the asset is acquired in the first half of the year.
Calculating the estimated annual depreciation expense based on the amount of production expected from a plant asset.
The total amount of depreciation expense that has been recorded since the purchase of a plant asset is called
The original cost of a plant asset minus accumulated depreciation. (p. 451)
Which of these produces higher amounts of depreciation expense in the early years of the life of an asset?
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:
Which fixed asset is LEAST likely to lose its value over time?
An asset whose life will extend over more than one accounting period is called a
What is the total amount whatsoever received by selling used or obsolete asset or its spare parts known as?
The value of an asset at the end of its useful life is....
The amount that will be received for an asset at the time of its disposal.
How often is depreciation recorded?
How is depreciation classified?