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 Depreciation
Answer: Rs. 810
No Explanation Available.
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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?
Depreciation on the diminishing balance method of Rs. 2000 at the rate of 10% p.a after three years will be: 2015
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A method that recognizes a full year's depreciation if the asset is acquired in the first half of the year.
The original cost of a plant asset minus accumulated depreciation.
The original cost of a plant asset minus accumulated depreciation. (p. 451)
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Which method of depreciation calculates a depreciation cost that is the same or a uniform amount per annum?
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A method that recognizes one half of a year's depreciation in the year of acquisition.
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Your shiny new boat cost $7650. The depreciation for your boat is 14% per year. Estimate the value of your vehicle in 3 years. What is the equation that models this problem?
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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
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?
Depreciation in the value of asset is -