Find the amount of depreciation chargeable under the straight line method for the second year if amount for first year is $4,000 Depreciation
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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?
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.
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:
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
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.
A type of accelerated depreciation that multiplies the book value of an asset by a constant depreciation rate to determine annual depreciation.
Which method of depreciation calculates a depreciation cost that is the same or a uniform amount per annum?
In straight line method, depreciation is calculated on: 2018
A method that recognizes a full year's depreciation if the asset is acquired in the first half of the year.
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 method that recognizes one half of a year's depreciation in the year of acquisition.
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?
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.
Depreciation under fixed instalment method is calculated-
Depreciation methods should _________ change from year to year.
Annual depreciation may or may not be equal from year to year.
Recording an equal amount of depreciation expense for a plant asset in each year of its useful life.
Depreciation on the diminishing balance method of Rs. 2000 at the rate of 10% p.a after three years will be: 2015
S=RM2,000C=RM25,000n=6 yearsFind the annual rate of depreciation using the reducing balance method.
A depreciation method required by the Internal Revenue Service to be used for income tax calculation purposes for most plant assets.